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प्रश्न
Elaborate the price discrimination feature of monopoly.
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उत्तर
- Price discrimination is a situation when the monopolist charges different prices of the commodity from its different consumers.
- Monopolist, being the only seller in the market, can exercise this feature by charging different prices for the same product from different consumers.
- Example: The electricity distribution companies might charge different prices from its domestic and commercial users.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Selling costs are absent in perfect competition market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
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 |
Mention two features of monopoly.
Producers in a monopoly are price makers. Briefly explain.
Give two characteristics of perfect competition.
What are selling costs?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the item given below:
Homogeneous goods
Name the market in which there is a single buyer and many sellers. Give an example.
Which type of market structure is the following? Give reason.
Jeans
To which market is price discrimination relevant?
Why can a monopolist charge different prices in different markets?
What is the effect on price when a perfectly competitive firm tries to sell more?
There are a large number of buyers and sellers under a ______ market.
Why an individual firm under perfect competition cannot influence the market price?
