Post Utme Greenfield University 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Greenfield University 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Greenfield University Commerce examination.

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