Post Utme Greenfield University 2017 Commerce Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice

Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

A company has a monopoly in the market and is considering increasing its price. What is the effect of this price increase on the company's revenue?

Answer Options

A. The revenue will decrease

Correct Answer B. The revenue will increase

C. The revenue will remain the same

D. The revenue will fluctuate

Correct Answer

Correct Option:

The revenue will increase

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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