Post Utme Skyline University 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 27 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue is MR = 50 - 2Q, what is the firm's optimal price?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Skyline University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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