Post Utme Igbinedion University 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2017 Commerce Objective / Multiple Choice

Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • COMMERCE • objective

In a market with perfect competition, the demand curve for a firm's product is downward sloping. What is the implication of this for the firm's marginal revenue (MR) curve?

Answer Options

A. The MR curve is upward sloping.

Correct Answer B. The MR curve is downward sloping.

C. The MR curve is horizontal.

D. The MR curve is vertical.

Correct Answer

Correct Option:

The MR curve is downward sloping.

About This Question

This is Post Utme Igbinedion University 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.

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