Post Utme Futo 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Futo Commerce examination.

Post Utme Futo 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_FUTO • 2018 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. However, this law is not applicable to the production of which of the following goods?

Answer Options

A. A homogeneous good
B. A differentiated product
Correct Answer C. A public good
D. A private good
Correct Answer
C
Correct Option:
A public good

About This Question

This is Post Utme Futo 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.

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