Post Utme Unilag 2025 Commerce Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Unilag Commerce examination.

Post Utme Unilag 2025 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 2025 • COMMERCE • objective

In a market with perfect competition, the demand curve for a firm's product is downward sloping. What is the implication of this for the firm's marginal revenue (MR) curve?

Answer Options

A. The MR curve is upward sloping.
Correct Answer B. The MR curve is downward sloping.
C. The MR curve is horizontal.
D. The MR curve is vertical.
Correct Answer
B
Correct Option:
The MR curve is downward sloping.

About This Question

This is Post Utme Unilag 2025 Commerce Question 11. It is one of the objective questions from the 2025 Post Utme Unilag Commerce examination.

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