Market Structures Jamb Economics Past Questions

Question 1

An example of a vertical combination is the merger of_________

jamb 2019

  • A. a spinning firm and a wearing firm
  • B. two meat retailing firms
  • C. two very large wholesale textile distributors
  • D. three secretarial employment agencies in one town
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Question 2

Whether a monopolist is able to increase his revenue by restricting his output depends on the shape of the_________

jamb 2019

  • A. marginal product
  • B. marginal cost curve
  • C. demand curve
  • D. average cost curve
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Question 3

Individual markets differ from each other according to

jamb 2008

  • A. The degree of competition
  • B. The volume of trade
  • C. The number of buyers
  • D. It's composition
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Question 4

The demand curve faced by a monopolist is_____?

jamb 2016

  • A. Positively sloped
  • B. Vertical
  • C. downward sloping
  • D. Negatively Sloped
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Question 5

One of the unique features that distinguishes the perfect and imperfect market condition is _________

jamb 2017

  • A. profit motive principles
  • B. absence of price control board
  • C. price determines production and distribution
  • D. number of sellers and buyers
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