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Imperfect Market - Economics Jamb Past Questions and Answers

Economics Questions And Answers On Imperfect Market
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Economics Jamb Past Questions


Question 56 :



Oligopoly means ____________

A. Single buyer in the market.
B. Few buyers in the market.
C. Few sellers in the market
D. Many sellers in the market


Question 57 :



Pricing and Output decisions of sellers are highly inter-dependent in markets known as ____________

A. Monopoly
B. Oligopoly
C. Monopolistic competition
D. Perfect competition






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