Post Utme Esut 2025 Commerce Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Esut Commerce examination.

Post Utme Esut 2025 Commerce Objective / Multiple Choice
Question 37 POST_UTME_ESUT • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping due to the law of increasing costs. However, in a monopolistically competitive market, the supply curve is also upward-sloping, but for a different reason. What is the primary reason for the upward-sloping supply curve in a monopolistically competitive market?

Answer Options

A. The law of increasing costs
Correct Answer B. The presence of advertising and product differentiation
C. The existence of barriers to entry
D. The influence of government policies
Correct Answer
B
Correct Option:
The presence of advertising and product differentiation

About This Question

This is Post Utme Esut 2025 Commerce Question 37. It is one of the objective questions from the 2025 Post Utme Esut Commerce examination.

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