Post Utme Delsu 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Delsu Economics examination.

Post Utme Delsu 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_DELSU • 2025 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping because firms are willing to supply more of a good as its price increases. However, this is not the case in a monopoly market. Explain why the supply curve in a monopoly market is downward-sloping.

Answer Options

A. Because the monopoly firm is a price-taker and cannot influence the market price.
B. Because the monopoly firm has a downward-sloping demand curve for its product.
Correct Answer C. Because the monopoly firm is a price-maker and can influence the market price.
D. Because the monopoly firm has a fixed \cost that increases as output increases.
Correct Answer
C
Correct Option:
Because the monopoly firm is a price-maker and can influence the market price.

About This Question

This is Post Utme Delsu 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Delsu Economics examination.

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