Post Utme Futo 2022 Commerce Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Futo Commerce examination.

Post Utme Futo 2022 Commerce Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is determined by the marginal cost curve. What is the shape of the marginal cost curve in the short run?

Answer Options

A. Increasing
B. Decreasing
C. Constant
Correct Answer D. U-shaped
Correct Answer
D
Correct Option:
U-shaped

About This Question

This is Post Utme Futo 2022 Commerce Question 7. It is one of the objective questions from the 2022 Post Utme Futo Commerce examination.

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