WAEC Economics 2013 Objective — Question 40
Question 40 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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Price fluctuation is a feature of
- A. common market
- B. imperfect marketCorrect
- C. supermarkets
- D. market failure
Explanation
In an imperfect market, price changes frequently because firms are not price takers.
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