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  9. Q20
Question 20

a market structure where profit is maximized when marginal revenue, marginal cost and price are equal is known as

  • A.perfect competition
  • B.monopoly
  • C.oligopoly
  • D.imperfect competition
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2011
Question no.
#20
Type
Objective
Previous · Q19a firm will shut down in the long run if its earning is Next · Q21 in which of the following markets does a firm have power to make super normal…

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