Post Utme Uniosun 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice

Question 31 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A perfectly competitive market has a demand curve that 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

Correct Option:

The MR curve is downward sloping.

About This Question

This is Post Utme Uniosun 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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