Post Utme Bowen University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

The supply curve of a firm is said to be upward-sloping if the firm is a price-taker. However, if the firm is a price-maker, the supply curve is said to be downward-sloping. Which of the following is a characteristic of a price-maker firm?

Answer Options

A. The firm is a price-taker
Correct Answer B. The firm is a price-maker
C. The firm produces a homogeneous product
D. The firm produces a heterogeneous product
Correct Answer
B
Correct Option:
The firm is a price-maker

About This Question

This is Post Utme Bowen University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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