Post Utme Mountain Top University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist's marginal revenue curve lies below the demand curve because

Answer Options

A. the monopolist is a price taker
Correct Answer B. the monopolist is a price maker
C. the demand curve is downward sloping
D. the marginal revenue curve is upward sloping
Correct Answer
B
Correct Option:
the monopolist is a price maker

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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