Post Utme Igbinedion University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ECONOMICS • objective

A perfectly competitive market is characterized by a large number of firms producing a homogeneous product. What is the term for the price at which a firm is willing and able to produce a given quantity of a good?

Answer Options

A. Supply Curve
B. Demand Curve
C. Marginal Revenue
Correct Answer D. Marginal Cost
Correct Answer
D
Correct Option:
Marginal Cost

About This Question

This is Post Utme Igbinedion University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.

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