Post Utme Coal City University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2025 Economics Objective / Multiple Choice

Question 38 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolistic firm in Nigeria has a market share of 80%. What is the likely effect of this on the firm's revenue?

Answer Options

A. Decrease in revenue due to reduced market share

Correct Answer B. Increase in revenue due to increased market share

C. No change in revenue due to market share

D. Decrease in revenue due to increased competition

Correct Answer

Correct Option:

Increase in revenue due to increased market share

About This Question

This is Post Utme Coal City University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Coal City University Economics examination.

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