Post Utme Mountain Top University 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist's demand curve is downward-sloping because

Answer Options

A. the monopolist has a fixed supply of the product
B. the monopolist faces a downward-sloping demand curve
Correct Answer C. the monopolist has a downward-sloping marginal revenue curve
D. the monopolist has a fixed price for the product
Correct Answer
C
Correct Option:
the monopolist has a downward-sloping marginal revenue curve

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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