JAMB Economics 2017 Objective — Question 32
Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.
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One of the unique features that distinguishes the perfect and imperfect market conditions is
- A. profit motive principles
- B. absence of price control board
- C. price determines production and distribution
- D. number of sellers and buyersCorrect
Explanation
The number of sellers and buyers is a key distinguishing feature between perfect and imperfect market structures.
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