{"id":55816,"date":"2024-04-16T00:33:54","date_gmt":"2024-04-16T00:33:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55816"},"modified":"2024-04-16T00:33:54","modified_gmt":"2024-04-16T00:33:54","slug":"consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/","title":{"rendered":"Consider the following statements. 1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. Which of the statement(s) given above is\/are correct?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97812b7d559\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Both 1 and 4                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Only 1                <\/div>\r\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Both 1 and 2                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: Only 1.<\/p>\n<p>A profit-maximizing monopolist will adjust his sales in the two markets so that his MR in each market just equals his MC. This is because the monopolist will want to produce at the point where marginal revenue equals marginal cost, which is the point of maximum profit.<\/p>\n<p>Statement 2 is incorrect because a profit-maximizing monopolist will always adjust his sales in order to maximize profit. Statement 3 is incorrect because the monopolist will <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> always adjust his sales so that MR equals MC, regardless of whether the markets are separate or not. Statement 4 is incorrect because the monopolist will always adjust his sales so that MR equals MC, regardless of whether MR is greater than or less than MC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/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>Consider the following statements. 1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. Which of the statement(s) given above is\/are correct?<\/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\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements. 1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. 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A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. Which of the statement(s) given above is\/are correct?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements. 1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. 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A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. Which of the statement(s) given above is\/are correct?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-16T00:33:54+00:00","dateModified":"2024-04-16T00:33:54+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-a-profit-maximising-monopolist-in-different-markets-will-adjust-his-sales-in-the-two-markets-so-that-his-mr-in-each-market-just-equals-his-mc-2-a-profit-maximi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Economics","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/economics\/"},{"@type":"ListItem","position":4,"name":"Consider the following statements. 1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC. 2. A profit maximising monopolist in separate markets will not adjust his sales. 3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC. 4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC. Which of the statement(s) given above is\/are correct?"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/55816"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=55816"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/55816\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=55816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=55816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=55816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}