Post Utme Uniport 2023 Commerce Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Uniport Commerce examination.

Post Utme Uniport 2023 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2023 • COMMERCE • objective

In a perfectly competitive market, the demand curve for a firm's product is its marginal revenue curve. What is the implication of this for the firm's profit-maximizing output?

Answer Options

Correct Answer A. The firm will produce at the point where MR = MC
B. The firm will produce at the point where MR = P
C. The firm will produce at the point where MR = P - MC
D. The firm will produce at the point where MR = P + MC
Correct Answer
A
Correct Option:
The firm will produce at the point where MR = MC

About This Question

This is Post Utme Uniport 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Uniport Commerce examination.

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