WAEC Economics 2016 Objective — Question 22
Question 22 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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22. Charging different prices for the same commodity is a feature of (a) a perfect competition (b) commodity market (c) monopolistic competition (d) monopoly market
- A. a perfect competition
- B. commodity market
- C. monopolistic competition
- D. monopoly marketCorrect
Explanation
A discriminating monopoly is the monopoly which charges different prices in different markets.
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