Q914
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?
A.
Both 1 and 4
B.
Only 1
C.
Only 4
AnswerD.
Both 1 and 2
Answer: Option C
Solution
Answer: Option C
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