Post Utme Aaua 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its marginal revenue?

Answer Options

A. Increase
Correct Answer B. Decrease
C. Remain the same
D. Become indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Aaua 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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