Post Utme Rsu 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Rsu Commerce examination.

Post Utme Rsu 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_RSU • 2023 • COMMERCE • objective

In a perfectly competitive market, the supply curve is perfectly elastic. What is the implication of this for the firm's ability to influence the market price?

Answer Options

A. The firm can influence the market price by adjusting its output.
Correct Answer B. The firm cannot influence the market price, as the supply curve is perfectly elastic.
C. The firm can influence the market price by adjusting its input costs.
D. The firm can influence the market price by adjusting its advertising efforts.
Correct Answer
B
Correct Option:
The firm cannot influence the market price, as the supply curve is perfectly elastic.

About This Question

This is Post Utme Rsu 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Rsu Commerce examination.

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