Post Utme Coal City University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Coal City University 2018 Economics Question 12 diagram

A monopolistically competitive firm is producing a good with a demand curve that is downward sloping. What is the shape of the firm's marginal revenue curve?

Answer Options

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

About This Question

This is Post Utme Coal City University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

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