Waec Model Questions Vol1 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2019 Economics Objective / Multiple Choice Medium Difficulty
Question 32 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

A monopolist practices third‑degree price discrimination in two separate markets. Market A demand: P = 100 - Q. Market B demand: P = 80 - 0.5Q. Marginal cost is constant at ₦20. What price should be charged in Market B to maximise profit?

Answer Options

Correct Answer A. 50
B. 60
C. 70
D. 40
Correct Answer
A
Correct Option:
50

About This Question

This is Waec Model Questions Vol1 2019 Economics Question 32. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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