Post Utme Ksu 2018 Commerce Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2018 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the supply curve and the marginal cost curve?

Answer Options

A. The supply curve is steeper than the marginal cost curve.
B. The supply curve is flatter than the marginal cost curve.
Correct Answer C. The supply curve is identical to the marginal cost curve.
D. The supply curve is a horizontal line below the marginal cost curve.
Correct Answer
C
Correct Option:
The supply curve is identical to the marginal cost curve.

About This Question

This is Post Utme Ksu 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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