Post Utme Summit University 2018 Commerce Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice

Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

Correct Answer A. diminishing returns

B. increasing costs

C. decreasing marginal revenue

D. increasing marginal cost

Correct Answer

Correct Option:

diminishing returns

About This Question

This is Post Utme Summit University 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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