Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2003 - Question 14

Economics 2003 JAMB Past Questions - Question 14: If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

Choose the most appropriate option for the gap .

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

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ECONOMICS

Economics 2003 JAMB Past Questions - Question 14: If the demand curve facing a firm is sharply downward-sloping, the firm is likely to be

Examkit's JAMB CBT App

Correct Answer

Explanation