Post Utme Coal City University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. Which of the following is a characteristic of this firm's \cost function?

Answer Options

A. The firm's average \cost curve is U-shaped.
Correct Answer B. The firm's marginal \cost curve is downward-sloping.
C. The firm's average revenue curve is downward-sloping.
D. The firm's marginal \cost curve is upward-sloping.
Correct Answer
B
Correct Option:
The firm's marginal \cost curve is downward-sloping.

About This Question

This is Post Utme Coal City University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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