Post Utme Futa 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 3 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost is ₦20. What is the monopolist's profit-maximizing price?

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Futa 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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