Post Utme Elizade University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective
Post Utme Elizade University 2024 Economics Question 20 diagram

A firm is operating in a monopoly market and is considering increa\sing its price. What is the likely outcome for the firm's profit?

Answer Options

Correct Answer A. The firm's profit will increase.
B. The firm's profit will decrease.
C. The firm's profit will remain the same.
D. The firm's profit will be zero.
Correct Answer
A
Correct Option:
The firm's profit will increase.

About This Question

This is Post Utme Elizade University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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