Post Utme Ui 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_UI • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. Which of the following is a characteristic of this market structure?

Answer Options

A. Barriers to entry are high
B. Barriers to entry are low
Correct Answer C. Firms produce differentiated products
D. Firms produce homogeneous products
Correct Answer
C
Correct Option:
Firms produce differentiated products

About This Question

This is Post Utme Ui 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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