Post Utme Summit University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice
Question 26 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a monopolistically competitive firm with a downward-sloping demand curve. If the firm increases its price, what happens to its marginal revenue?

Answer Options

A. Increases
Correct Answer B. Decreases
C. Remains unchanged
D. Becomes zero
Correct Answer
B
Correct Option:
Decreases

About This Question

This is Post Utme Summit University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.

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