Post Utme Caleb University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a downward-sloping demand curve. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what will be the effect on the firm's output?

Answer Options

A. The firm will increase its output.
B. The firm will decrease its output.
Correct Answer C. The firm's output will remain unchanged.
D. The firm will exit the market.
Correct Answer
C
Correct Option:
The firm's output will remain unchanged.

About This Question

This is Post Utme Caleb University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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