Post Utme Uniben 2017 Economics Question 21
Practice objective / multiple choice question 21 from the 2017 Post Utme Uniben Economics examination.
A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) is given by MR = 200 - 2Q. If the firm's marginal \cost (MC) is cons\tant at ₦50, what is the optimal price (P) at which the firm should produce?
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About This Question
This is Post Utme Uniben 2017 Economics Question 21. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.
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