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प्रश्न
Elaborate the price discrimination feature of monopoly.
उत्तर
- Price discrimination is a situation when the monopolist charges different prices of the commodity from its different consumers.
- Monopolist, being the only seller in the market, can exercise this feature by charging different prices for the same product from different consumers.
- Example: The electricity distribution companies might charge different prices from its domestic and commercial users.
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Which one of the following is NOT found in a perfectly competition market?
What is meant by product differentiation?
To which market is product differentiation relevant?
Identify the market form of the following:
Market for toilet soaps in India.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
Homogeneous goods
Give an example of monopoly.
Which type of market structure is the following? Give reason.
Scooters
With the help of an example explain the meaning of price discrimination.
To which market is price discrimination relevant?
What do you mean by homogeneous products?
To which market form are homogeneous products relevant?
What is the difference between perfect and imperfect oligopoly?
There are a large number of buyers and sellers under a ______ market.
