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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
Discuss any two features of a monopolistically competitive market.
Selling costs are absent in perfect competition market.
Differentiated products is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
A seller cannot influence the market price under:
Indian Oil Corporation Limited is an example of a/an ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Imperfect knowledge is a characteristic feature of:
Give three points of difference between perfect competition and monopoly.
What are selling costs?
Identify the market form of the following:
Motor car market in India.
Explain any four features of perfect competition.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Mobile phone services
Which market form has the least number of producers?
Name the market which has characteristics both of monopoly and perfect competition.
Why do producers incur high selling costs in an imperfect market?
