Question 0

If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

  • A.a monopolistic competitor as it can have a limited influence on price
  • B.a monopolist as it can have a great influence on price
  • C.a perfect competitor as it cannot influence the market price
  • D.an oligopolist as it can collude with other firms to have some influence on price
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2003
Question no.
#0
Type
Objective

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