Post Utme Lasu 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_LASU • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the firm's marginal revenue equals its marginal \cost, what will be the effect on its profit?

Answer Options

A. The firm's profit will increase.
B. The firm's profit will decrease.
Correct Answer C. The firm's profit will remain unchanged.
D. The firm's profit will increase in the short run but decrease in the long run.
Correct Answer
C
Correct Option:
The firm's profit will remain unchanged.

About This Question

This is Post Utme Lasu 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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