Waec 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Waec Economics examination. This question covers Economics .

Waec 2023 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 20 WAEC • 2023 • ECONOMICS • objective

A monopolist may enjoy abnormal profit only if:

Answer Options

Correct Answer A. marginal cost is less than average revenue.
B. demand curve is perfectly elastic.
C. expenditure on advertisement increases.
D. variable cost will decline.
Correct Answer
A
Correct Option:
marginal cost is less than average revenue.

About This Question

This is Waec 2023 Economics Question 20. It is one of the objective questions from the 2023 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Waec 2023 Economics Questions More Waec Practice Questions Back to Questions

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