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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
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
How is Perfect competitive market is different from a monopoly market?
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Differentiated products is a characteristic of ______.
Indian Oil Corporation Limited is an example of a/an ______.
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 |
There are no substitute goods in a monopoly market. Give a reason to support your answer.
State two important characteristics of monopoly.
To which market is product differentiation relevant?
Identify the market form for the following:
Perfectly elastic demand.
State the market form of the following commodity.
Shampoos
Which type of market structure is the following? Give reason.
Soft drinks
Which type of market structure is the following? Give reason.
Ball-pen
With the help of an example explain the meaning of price discrimination.
Why can a monopolist charge different prices in different markets?
What do you mean by homogeneous products?
What does perfectly elastic demand curve faced by a competitive firm indicate?
There are a large number of buyers and sellers under a ______ market.
