Post Utme Bsu 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_BSU • 2021 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. What is the shape of the marginal revenue (MR) curve?

Answer Options

A. The MR curve is upward-sloping
Correct Answer B. The MR curve is downward-sloping
C. The MR curve is horizontal
D. The MR curve is vertical
Correct Answer
B
Correct Option:
The MR curve is downward-sloping

About This Question

This is Post Utme Bsu 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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