Post Utme Coal City University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist produces a good at a level where the marginal revenue equals the marginal \cost. What is the likely outcome for the consumer?

Answer Options

A. The consumer will benefit from a lower price.
B. The consumer will benefit from a higher price.
C. The consumer will not be affected.
Correct Answer D. The consumer will be worse off.
Correct Answer
D
Correct Option:
The consumer will be worse off.

About This Question

This is Post Utme Coal City University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

View More Post Utme Coal City University 2017 Economics Questions More Post Utme Coal City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support