Post Utme Covenant University 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolistically competitive firm is characterized by a downward-sloping demand curve. What is the primary reason for this downward-sloping demand curve?

Answer Options

Correct Answer A. Product differentiation
B. Barriers to entry
C. Economies of scale
D. Perfectly elastic demand
Correct Answer
A
Correct Option:
Product differentiation

About This Question

This is Post Utme Covenant University 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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