Post Utme Elizade University 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2025 Commerce Objective / Multiple Choice
Question 16 POST_UTME_ELIZADE_UNIVERSITY • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is typically upward-sloping because of the law of increasing

Answer Options

Correct Answer A. diminishing returns
B. increasing costs
C. decreasing marginal revenue
D. constant returns to scale
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Elizade University 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Elizade University Commerce examination.

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