Post Utme Rsu 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_RSU • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve that is downward-sloping. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what will be the effect on the firm's output?

Answer Options

A. The firm will increase its output
B. The firm will decrease its output
Correct Answer C. The firm's output will remain unchanged
D. The firm will exit the market
Correct Answer
C
Correct Option:
The firm's output will remain unchanged

About This Question

This is Post Utme Rsu 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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