Post Utme Christopher University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 2Q, what is the firm's optimal price?

Answer Options

A. $50
Correct Answer B. $55
C. $60
D. $65
Correct Answer
B
Correct Option:
$55

About This Question

This is Post Utme Christopher University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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