Home » Economics » As a producer’ association, the OPEC expects its members to maintain production where marginal cost…As a producer’ association, the OPEC expects its members to maintain production where marginal cost… 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 Explanation Related Posts Scarcity in economics means that? The law of Diminishing Returns begins to operate when? An increase in the circulation of money without a corresponding increase in output will lead… If the demand elasticity coefficient of cars is 0.5, it implies that the demand for… The major purpose of African Development Bank is to? Agriculture is central to Nigeria”s economic development because?
