Post Utme Noun 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Noun Commerce examination.

Post Utme Noun 2025 Commerce Objective / Multiple Choice

Question 26 POST_UTME_NOUN • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. What is the primary reason for this upward-sloping supply curve?

A. The law of increasing costs is due to the fixed costs of production.

B. The law of increasing costs is due to the variable costs of production.

C. The law of increasing costs is due to the economies of scale.

Correct Answer D. The law of increasing costs is due to the diseconomies of scale.

Correct Answer

Correct Option:

The law of increasing costs is due to the diseconomies of scale.

This is Post Utme Noun 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.

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