Post Utme Oau 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Oau Economics examination.

Post Utme Oau 2025 Economics Objective / Multiple Choice
Question 6 POST_UTME_OAU • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its marginal revenue?

Answer Options

A. Increase
Correct Answer B. Decrease
C. Remain the same
D. Become more elastic
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Oau 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Oau Economics examination.

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