Market Structures - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2017

Which of the following is NOT an instrument in the money market?

A. Treasury bill
B. Bill of exchange
C. Stocks and shares
D. Call money fund

Question 12:

• JAMB 2017

Which of the following is not a function of the money market?

A. Provision of finance
B. Enhance loan savings
C. Creation of long term
D. Provision of finance

Question 13:

• JAMB 2016

The demand curve faced by a monopolist is_____?

A. Positively sloped
B. Vertical
C. Downward sloping
D. Negatively Sloped

Question 14:

• JAMB 2015

In a situation when a firm is operating in a perfectly competitive firm and the total cost is given perfectly competitive firm and the total cost is given as N75.00. If the market price is N7.00 determine the profit. When 25 units are produced

A. N75.00
B. N100
C. N175.00
D. N125.00

Question 15:

• JAMB 2015

A monopolist has the power to influence the prices of goods and services. Therefore, he is a

A. Price maker
B. Price taker
C. Price system
D. Price competition