Post Utme Covenant University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice

Question 15 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is facing a perfectly elastic demand curve. What is the firm's optimal price?

Answer Options

A. The firm's marginal revenue (MR) equals its marginal \cost (MC)

B. The firm's price equals its average revenue (AR)

Correct Answer C. The firm's price equals its marginal revenue (MR)

D. The firm's price equals its average \cost (AC)

Correct Answer

Correct Option:

The firm's price equals its marginal revenue (MR)

About This Question

This is Post Utme Covenant University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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