Post Utme Unilag 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm is operating under a monopoly market structure. If the firm's demand curve is given by \( Q = 100 - 2P \) and the firm's marginal \cost is ₦50, what is the firm's profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Unilag 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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