Post Utme Unn 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNN • 2023 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the supply curve and the marginal cost curve?

Answer Options

A. The supply curve is identical to the marginal cost curve.
B. The supply curve is above the marginal cost curve.
Correct Answer C. The supply curve is below the marginal cost curve.
D. The supply curve is unrelated to the marginal cost curve.
Correct Answer
C
Correct Option:
The supply curve is below the marginal cost curve.

About This Question

This is Post Utme Unn 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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