Post Utme Uniosun 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2024 • ECONOMICS • objective

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

Answer Options

A. Firms are risk-averse and want to maximize profits
Correct Answer B. Firms are willing to supply more at higher prices
C. Firms have increa\sing marginal \costs
D. Firms are subject to government regulations
Correct Answer
B
Correct Option:
Firms are willing to supply more at higher prices

About This Question

This is Post Utme Uniosun 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Uniosun Economics examination.

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