Post Utme Covenant University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is facing a perfectly competitive market. What is the firm's optimal price?

Answer Options

Correct Answer A. The firm's price equals its marginal revenue (MR)
B. The firm's price equals its average revenue (AR)
C. The firm's price equals its marginal \cost (MC)
D. The firm's price equals its average \cost (AC)
Correct Answer
A
Correct Option:
The firm's price equals its marginal revenue (MR)

About This Question

This is Post Utme Covenant University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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