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To which market is price discrimination relevant? - Economic Applications

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प्रश्न

To which market is price discrimination relevant?

एका वाक्यात उत्तर

उत्तर

Price discrimination is most relevant in imperfectly competitive markets, particularly in monopoly markets. 

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Forms of Market Structure
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३९]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 5 Nature and Structure of Markets
QUESTIONS | Q 10. ii | पृष्ठ १३९
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 5 Nature and Structure of Markets
QUESTION BANK | Q 20. ii | पृष्ठ १४१
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 5 Meaning and Types of Markets
Exercise | Q 13. (ii) | पृष्ठ ११७
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 5 Meaning and Types of Markets
QUESTION BANK | Q 22. (ii) | पृष्ठ ११८

संबंधित प्रश्‍न

Discuss any two features of a monopolistically competitive market.


What do you mean by price discrimination?


When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.


A seller cannot influence the market price under:


Indian Railways is an example of ______.


There is no difference between perfect competition and pure competition.


Read the following statements carefully and choose the correct alternative:

Assertion (A): Price discrimination is possible under monopoly.

Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.


What is perfect competition?


What is meant by pure competition?


Define monopolistic competition.


To which market is product differentiation relevant?


Why is there no need for selling cost under perfect competition?


In which form of market do producers and consumers have perfect knowledge about the market conditions?


Explain the main characteristics of a monopoly.


Which type of market structure is the following? Give reason.

Trucks


Which type of market structure is the following? Give reason.

Scooters


Product differentiation is practised in monopolistic competition? Give reasons.


What does perfectly elastic demand curve faced by a competitive firm indicate?


Identify the market form from the following.

Firm is a price maker. 


Why do producers incur high selling costs in an imperfect market?


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