Post Utme Esut 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. Which of the following is a characteristic of a monopolist?

Answer Options

A. Firms produce at the minimum point of the average \cost curve.
Correct Answer B. Firms produce at the point where MR = MC.
C. Firms produce at the point where P = MC.
D. Firms produce at the point where MR = P.
Correct Answer
B
Correct Option:
Firms produce at the point where MR = MC.

About This Question

This is Post Utme Esut 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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