Economics JAMB

As a producer’ association; the OPEC expects its members to maintain production where marginal cost is?
As a producer’ association; the OPEC expects its members to maintain production where marginal cost is?As a producer’ association; the OPEC expects its members to maintain production where marginal cost is?

A. greater than price
B. less than price
C. equal to price
D. equal to average cost

Correct Answer:

Option B – less than price

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4 years ago

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