by Sunday | May 24 | Economics WAEC
A. competition between buyers and sellers B. competition among buyers C. competition among sellers D. government policy Correct Answer: Option B B. competition among buyers
by Sunday | May 24 | Economics WAEC
A. average variable cost B. total fixed cost C. average total cost D. marginal cost Correct Answer: Option A A. average variable cost
by Sunday | May 24 | Economics WAEC
A. MC = MR but AR < AC B. MR = MC = AR = AC C. AC = AR < MC D. TR < TC Correct Answer: Option B B. MR = MC = AR = AC
by Sunday | May 24 | Economics WAEC
A. monopolistic competition B. perfect competition C. monopoly D. monopsony Correct Answer: Option A A. monopolistic competition
by Sunday | May 24 | Economics WAEC
A. price and output B. price only C. output only D. price or output Correct Answer: Option D D. price or output