Waec Model Questions Vol1 2019 Economics Question 31

Practice objective / multiple choice question 31 from the 2019 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2019 Economics Objective / Multiple Choice Medium Difficulty
Question 31 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

In a monopoly market the demand curve is P = 120 - 2Q and marginal cost is constant at ₦20 per unit. What price should the monopolist charge to maximise profit?

Answer Options

A. 90
B. 80
Correct Answer C. 70
D. 60
Correct Answer
C
Correct Option:
70

About This Question

This is Waec Model Questions Vol1 2019 Economics Question 31. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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