Post Utme Unilorin 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

In a perfectly competitive market, firms produce at the point where their marginal cost curve intersects their marginal revenue curve. What is the name of this point?

Answer Options

Correct Answer A. Point of Profit Maximization
B. Point of Maximum Efficiency
C. Point of Minimum Cost
D. Point of Perfect Competition
Correct Answer
A
Correct Option:
Point of Profit Maximization

About This Question

This is Post Utme Unilorin 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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