Post Utme Madonna University 2021 Commerce Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2021 • 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 a horizontal line above the marginal cost curve.
Correct Answer B. The supply curve is a horizontal line below the marginal cost curve.
C. The supply curve is a downward-sloping curve above the marginal cost curve.
D. The supply curve is a downward-sloping curve below the marginal cost curve.
Correct Answer
B
Correct Option:
The supply curve is a horizontal line below the marginal cost curve.

About This Question

This is Post Utme Madonna University 2021 Commerce Question 6. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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