{"id":52832,"date":"2024-04-15T23:45:07","date_gmt":"2024-04-15T23:45:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=52832"},"modified":"2024-04-15T23:45:07","modified_gmt":"2024-04-15T23:45:07","slug":"in-the-short-period-monopolist-firms-equilibrium-is-at","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-the-short-period-monopolist-firms-equilibrium-is-at\/","title":{"rendered":"In the short period, monopolist firm&#8217;s equilibrium is at"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Break-even point&#8221; option2=&#8221;AR > AC&#8221; option3=&#8221;AR < AC\" option4=\"All of these\" correct=\"option1\"]<!--more--><\/p>\n<p>The correct answer is: A. Break-even point.<\/p>\n<p>A monopolist firm is a firm that is the only seller of a good or service in a market. This means that the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n          <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>   Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> firm has no competition and can therefore set its own prices. In the short run, a monopolist firm&#8217;s equilibrium is at the point where its average revenue (AR) equals its average cost (AC). This is because the firm will not produce any units of output if its AR is less than its AC, and it will not produce any more units of output if its AR is greater than its AC. The break-even point is the point at which the firm&#8217;s total revenue equals its total cost. This is the point at which the firm makes no profit or loss.<\/p>\n<p>Option B is incorrect because AR can be greater than AC, equal to AC, or less than AC at the equilibrium point. Option C is incorrect because AR can be greater than AC, equal to AC, or less than AC at the equilibrium point. Option D is incorrect because only option A is correct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Break-even point&#8221; option2=&#8221;AR > AC&#8221; option3=&#8221;AR < AC\" option4=\"All of these\" correct=\"option1\"] Join Our Telegram Channel Subscribe on YouTube\n<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the short period, monopolist firm&#039;s equilibrium is at<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-the-short-period-monopolist-firms-equilibrium-is-at\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the short period, monopolist firm&#039;s equilibrium is at\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Break-even point&#8221; 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