Post Utme Elizade University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm operating under perfect competition faces a market demand curve that is downward-sloping. What is the shape of the firm's marginal revenue (MR) curve?

Answer Options

A. Horizontal
B. Vertical
Correct Answer C. Downward-sloping
D. Upward-sloping
Correct Answer
C
Correct Option:
Downward-sloping

About This Question

This is Post Utme Elizade University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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