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Question
Mention any two types of price discrimination.
Short Note
Solution
- Personal: Different prices are charged for different individuals. For example, the railways give tickets at concessional rate to the ‘Senior citizens’ for the same journey.
- Geographical: Different prices are charged at different places for the same product. For example, a book sold within India at a price is sold in a foreign country at a lower price.
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Monopoly
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