Post Utme Babcock University 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2025 Economics Objective / Multiple Choice

Question 10 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is operating in a monopoly market. If the firm's marginal revenue (MR) is less than its marginal \cost (MC), what will happen to the firm's output?

Answer Options

A. The firm will increase its output

Correct Answer B. The firm will decrease its output

C. The firm will keep its output cons\tant

D. The firm will exit the market

Correct Answer

Correct Option:

The firm will decrease its output

About This Question

This is Post Utme Babcock University 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.

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