Post Utme Elizade University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is producing at a point where its Average Cost (AC) curve intersects the Average Revenue (AR) curve. What is the nature of the market structure?

Answer Options

Correct Answer A. Perfect Competition
B. Monopoly
C. Monopolistic Competition
D. Oligopoly
Correct Answer
A
Correct Option:
Perfect Competition

About This Question

This is Post Utme Elizade University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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