Post Utme Lautech 2017 Economics Question 15

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

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P and a supply curve given by Qs = 2P - 100. If the firm produces 150 units, what is the price it will charge?

Answer Options

A. 25
Correct Answer B. 30
C. 35
D. 40
Correct Answer
B
Correct Option:
30

About This Question

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

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