Post Utme Unilorin 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice

Question 23 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A monopolistically competitive firm's demand curve is downward-sloping because of the law of decrea\sing

Answer Options

Correct Answer A. marginal revenue

B. marginal \cost

C. elasticity of demand

D. elasticity of supply

Correct Answer

Correct Option:

marginal revenue

About This Question

This is Post Utme Unilorin 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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