Post Utme Ksu 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_KSU • 2018 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. Which of the following is a characteristic of a monopolistically competitive firm?

Answer Options

A. The firm has a high degree of market power.
B. The firm faces a downward-sloping demand curve.
Correct Answer C. The firm has a low degree of market power.
D. The firm faces a horizontal demand curve.
Correct Answer
C
Correct Option:
The firm has a low degree of market power.

About This Question

This is Post Utme Ksu 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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