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Economics Past Questions and Answers

Waec Economics Questions

Question 1036:

A business outfit is said to be a public limited company when it

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A Is owned by the government
B Operates as a public corporations
C Is run by the public
D Selld its shares to members of the public

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Question 1037:

The main characteristics of an ordinary shares are

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A Maximum risk, fixed dividends, voting rights
B Minimum risks, fixed dividends, no voting rights
C Maximum risks, variable dividends, voting rights
D Minimum risks. fixed dividends, no voting rights

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Question 1038:

the monopolist can determine

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A Price and output
B Price only
C Output only
D Price or output

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Question 1039:

A market situation with a larger number of firms selling closely related but, differentiated products is

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A Monopolistic competition
B Perfect competition
C Monopoly
D Monopsony

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Question 1040:

equilibrium under perfect competition requires that

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A MC = MR but AR < AC
B MR = MC = AR = AC
C AC = AR < MC
D TR < TC

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