Post Utme Elizade University 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice

Question 6 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is operating under a perfectly competitive market structure. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what will be the effect on the firm's output and price?

Answer Options

A. The firm will increase output and price.

B. The firm will decrease output and price.

Correct Answer C. The firm will maintain output and price.

D. The firm will increase output but decrease price.

Correct Answer

Correct Option:

The firm will maintain output and price.

About This Question

This is Post Utme Elizade University 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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