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प्रश्न
Why can a monopolist charge different prices in different markets?
थोडक्यात उत्तर
उत्तर
- Due to the monopolist's power in the market and the absence of competition, they are able to set different pricing in other markets.
- This authority is frequently exercised through price discrimination, in which the monopolist establishes various prices according to variables such as the willingness to pay, the purchasing power, and the elasticity of demand in various markets.
- Because they are the only ones offering a certain commodity or service, monopolists can strategically change their prices to maximise profits across a range of market groups.
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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]
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Differentiated products is a characteristic of ______.
A monopolist is price maker:
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Give three points of difference between perfect competition and monopoly.
To which market is product differentiation relevant?
Identify the market form for the following:
Perfectly elastic demand.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Soft drinks
Mention one feature of a monopoly market.
