Search SchoolNGR

Saturday, 04 July 2026
Register . Login

Which market structure best protects consumers from exploitation through competition?

Which market structure best protects consumers from exploitation through competition?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Single seller system
  • B Public monopoly
  • C Monopoly
  • D Perfect competition
Correct Answer: Option D
Explanation:
Strong competition among many firms helps prevent excessive pricing and encourages efficiency.

Share question on: