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Question
State Whether the following statements are TRUE or FALSE:
There is no price discrimination in the monopolistic competition.
Solution
True, there is no price discrimination in the monopolistic competition.
Explanation:
In monopolistic competition, there is no price discrimination, rather, there is product differenciation in the market. Price discrimination is a feature of monopoly market.
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| A trademark is a recognisable phrase, word, or symbol that denotes a specific product and legally differentiates it from all other products of its kind. Registering a trademark prevents others from using it so that consumers are not confused about the product. Trademarks add value and recognition to a company. Therefore, a company with well-established trademarks and brands in its portfolio enjoy a good reputation in the market. It also makes it easy to raise money from the stock market or borrow from lenders. |
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