Post Utme Greenfield University 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist is facing a downward-sloping demand curve, and its marginal revenue (MR) is decrea\sing as output increases. What is the likely effect on the firm's price?

Answer Options

A. The price will increase.
Correct Answer B. The price will decrease.
C. The price will remain unchanged.
D. The price will fluctuate.
Correct Answer
B
Correct Option:
The price will decrease.

About This Question

This is Post Utme Greenfield University 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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