Post Utme Mountain Top University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice

Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

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

Answer Options

A. Barriers to entry are high

Correct Answer B. Firms produce differentiated products

C. Firms face a perfectly elastic demand curve

D. Firms produce homogeneous products

Correct Answer

Correct Option:

Firms produce differentiated products

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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