Post Utme Futo 2018 Commerce Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Futo Commerce examination.

Post Utme Futo 2018 Commerce Objective / Multiple Choice
Question 21 POST_UTME_FUTO • 2018 • COMMERCE • objective

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

Answer Options

Correct Answer A. diminishing returns
B. increasing costs
C. decreasing supply
D. increasing demand
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Futo 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.

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