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Today General Knowledge(GK)
A profit-maximising monopolist in two separate markets will
A)
Charge the same price in both markets
B)
Always charge a higher price in the market where he sells less
C)
Always charge a higher price in the market where he sells more
D)
Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost

Correct Answer : Option (D) - Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost


Published On : May 20, 2021
Category : Business and Economics
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