Post Utme Nile University 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Nile University Commerce examination.

Post Utme Nile University 2025 Commerce Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. However, in a monopolistically competitive market, the supply curve is also upward-sloping, but for a different reason. What is the primary reason for the upward-sloping supply curve in a monopolistically competitive market?

Answer Options

A. The law of increasing costs
B. The desire to maximize profits
C. The fear of entry by new firms
Correct Answer D. The presence of advertising expenses
Correct Answer
D
Correct Option:
The presence of advertising expenses

About This Question

This is Post Utme Nile University 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Nile University Commerce examination.

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