Post Utme Bells University 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Bells University Commerce examination.

Post Utme Bells University 2018 Commerce Objective / Multiple Choice
Question 31 POST_UTME_BELLS_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue (MR) and the marginal cost (MC) of a firm?

Answer Options

A. MR > MC
Correct Answer B. MR = MC
C. MR < MC
D. MR is not related to MC
Correct Answer
B
Correct Option:
MR = MC

About This Question

This is Post Utme Bells University 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Bells University Commerce examination.

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