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प्रश्न
Define Discriminating Monopoly.
Define the following concept:
Price discrimination
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उत्तर १
When a firm is able to sell the same product or service to two different categories of consumers at different prices, then it is known as price discrimination. Generally, a Monopoly firm is able to practice price discrimination successfully.
उत्तर २
The act of selling the same product at different prices to different buyers is known as price discrimination.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
In which type of market price discrimination is practiced? Explain with an example.
The image above shows a departmental store of a market structure.
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- Type of product
- Entry and exit of firms
- Selling cost
Selling costs are absent in perfect competition market.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
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A seller cannot influence the market price under:
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Indian Railways is an example of ______.
A monopolist is price maker:
Pick the option which does not belong to the group.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Imperfect knowledge is a characteristic feature of:
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Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
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Mention two features of monopoly.
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Textile industry in India.
State the market form of the following commodity.
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Identify the market form for the item given below:
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Which type of market structure is the following? Give reason.
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Which type of market structure is the following? Give reason.
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To which market is price discrimination relevant?
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To which market form are homogeneous products relevant?
What is meant by the term ‘price taker’?
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What is the difference between perfect and imperfect oligopoly?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following.
Price discrimination
Identify the market form from the following.
Perfect knowledge
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Mention one feature of a monopoly market.
Why an individual firm under perfect competition cannot influence the market price?
In which market form is there a single seller and no close substitutes for the product?
