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A market structure with many buyers and sellers dealing homogeneous products is:

A market structure with many buyers and sellers dealing homogeneous products is:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Monopsony
  • B Monopoly
  • C Perfect competition
  • D Oligopoly
Correct Answer: Option C
Explanation:
Perfect competition involves many firms selling identical products with free entry and exit into the market.

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