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प्रश्न
With the help of an example explain the meaning of price discrimination.
उत्तर
The act of selling the same product at different prices to different buyers is known as price discrimination. A monopolist can charge different prices from his different buyers easily. If a monopolist adopts a policy of price discrimination, the situation is called a discriminating monopoly.
Example:
- Indian Railways charge lower fares from senior citizens of the country as compared to other citizens.
- Electricity boards sell electricity at cheaper rates for agricultural use than for domestic use.
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
Indian Oil Corporation Limited is an example of a/an ______.
Which among the following is a feature of monopsony market?
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
What is perfect competition?
Give an example of monopsony.
What is meant by product differentiation?
What are selling costs?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Shampoos
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Ball-pen
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is the difference between perfect and imperfect oligopoly?
There are a large number of buyers and sellers under a ______ market.
