by Sunday | Aug 3 | Economics WAEC
A. A single seller sells a product which has no close substitute B. Few sellers sell a product s at different prices C. The entry of other firms is restricted by the few firms in the market D. Two or more sellers sell a product which is differentiated E. a single...
by Sunday | Aug 3 | Economics WAEC
A. Disguised B. Imposed C. Cyclical D. Voluntary E. Functional Correct Answer: Option C – Voluntary
by Sunday | Aug 3 | Economics WAEC
A. An avenue for expressing national prestige B. Services at a cheaper cost C. Socially necessary facilities D. Services which are natural monopolies E. Employment opportunities Correct Answer: Option A – An avenue for expressing national...
by Sunday | Aug 3 | Economics WAEC
A. Two to twenty persons B. A minimum of seven shareholders C. A minimum of fifty and maximum of one hundred shareholders D. Two to fifty shareholders E. A maximum of fifty shareholders Correct Answer: Option B – A minimum of seven...
by Sunday | Aug 3 | Economics WAEC
A. Variable cost B. Average costs C. Marginal costs D. Total cost E. Fixed costs Correct Answer: Option E – Fixed costs