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प्रश्न
Why can a monopolist charge different prices in different markets?
संक्षेप में उत्तर
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उत्तर
- Due to the monopolist's power in the market and the absence of competition, they are able to set different pricing in other markets.
- This authority is frequently exercised through price discrimination, in which the monopolist establishes various prices according to variables such as the willingness to pay, the purchasing power, and the elasticity of demand in various markets.
- Because they are the only ones offering a certain commodity or service, monopolists can strategically change their prices to maximise profits across a range of market groups.
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अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३९]
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संबंधित प्रश्न
A monopolist is price maker:
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Goods sold are homogeneous.
Identify the market form for the following:
Telecom industry in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Homogeneous goods
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Ball-pen
What is meant by the term ‘price taker’?
Why are selling costs incurred?
Which feature best distinguishes monopolistic competition from perfect competition?
