Post Utme Rhema University 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by \( p = 100 - 2q \). If the firm produces 20 units of output, what is the price it will charge?

Answer Options

A. 80
Correct Answer B. 90
C. 100
D. 110
Correct Answer
B
Correct Option:
90

About This Question

This is Post Utme Rhema University 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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