Post Utme Lead City University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice

Question 17 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve because

Answer Options

A. The monopolist is a price-taker in the market.

Correct Answer B. The monopolist is a price-maker in the market.

C. The monopolist faces a perfectly elastic demand curve.

D. The monopolist faces a downward-sloping demand curve.

Correct Answer

Correct Option:

The monopolist is a price-maker in the market.

About This Question

This is Post Utme Lead City University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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