Post Utme Unn 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNN • 2020 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what is the likely outcome for the firm's profit?

Answer Options

Correct Answer A. The firm is maximizing its profit.
B. The firm is minimizing its loss.
C. The firm is breaking even.
D. The firm is experiencing a loss.
Correct Answer
A
Correct Option:
The firm is maximizing its profit.

About This Question

This is Post Utme Unn 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

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