Post Utme Veritas University 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

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. What is the firm's optimal 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 Veritas University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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