Post Utme Oau 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice

Question 21 POST_UTME_OAU • 2020 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing

A. diminishing marginal opportunity costs

Correct Answer B. increasing marginal opportunity costs

C. decreasing marginal opportunity costs

D. constant marginal opportunity costs

Correct Answer

Correct Option:

increasing marginal opportunity costs

This is Post Utme Oau 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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