Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Economics
  6. /
  7. 2008
  8. /
  9. Q22
Question 22

equilibrium under perfect competition requires that

  • A.MC = MR but AR < AC
  • B.MR = MC = AR = AC
  • C.AC = AR < MC
  • D.TR < TC
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2008
Question no.
#22
Type
Objective
Previous · Q21A market situation with a larger number of firms selling closely related but… Next · Q23 The purely competitive firm should close down when its price is less than its

More from this paper

  • Q18A business outfit is said to be a public limited company when it
  • Q19The main characteristics of an ordinary shares are
  • Q20the monopolist can determine
  • Q24During a sale by auction, the price at which the goods finally sold is…
  • Q25which of the following does not affect a country's population?
  • Q26The trade unions in West Africa have achieved the following for the workers…
See all Economics 2008 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy