Post Utme Oau 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Oau Commerce examination.

Post Utme Oau 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_OAU • 2024 • COMMERCE • objective

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

Answer Options

A. diminishing returns
B. increasing costs
C. decreasing marginal revenue
Correct Answer D. increasing marginal cost
Correct Answer
D
Correct Option:
increasing marginal cost

About This Question

This is Post Utme Oau 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.

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