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प्रश्न
Ram an employee and Shyam an elderly citizen was travelling by train from Delhi to Chennai separately. However, the cost of their tickets is different. Give reasons for the railways charging different prices to different customers.
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उत्तर
The act of selling the same product at different prices to different buyers is known as price-discrimination. A monopolist can charge different prices from his different buyers easily. If a monopolist adopts a policy of price-discrimination, the situation is called discriminating monopoly.
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संबंधित प्रश्न
The State Electricity Board sells electricity at cheaper rates for domestic use than for commercial use. Given statement shows an act of ______.
Explain any three features of a monopoly market.
Identify the feature of monopoly market from the following:
A ______ firm can sell the same product at different prices to different buyers.
Explain any four factors that lead to the emergence of monopoly.
Why is the demand curve under monopoly less elastic as compared to the demand curve under monopolistic competition?
Which market situation is called monopoly?
Which factor mainly prevents new firms from entering a monopolistic market?
How are Average Revenue (AR) and Marginal Revenue (MR) curves related under monopoly?
What is meant by price discrimination in monopoly?
