WAEC Economics 2012 Objective — Question 25
Question 25 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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Which of the following markets determines its own price or output?
- A. Perfect market
- B. common market
- C. Monopoly marketCorrect
- D. Commodity market
Explanation
Only the monopoly has the ability to influence the price of its product or the output.
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