JAMB Economics 2020 Objective — Question 17
Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
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The supply of beverages by firms in a monopolistic market is an example of
- A. derived demand
- B. competitive supplyCorrect
- C. composite supply
- D. joint demand
Explanation
Several firms supplying similar but differentiated beverages in a monopolistic market reflects competitive supply.
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