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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 १५३]
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Pick the option which does not belong to the group.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Define monopolistic competition.
Give an example of monopsony.
Identify the market form of the following:
Motor car market in India.
Identify the market form of the following:
Market for toilet soaps in India.
What do you mean by homogeneous products?
Identify the market form from the following.
Price discrimination
There is inverse relation between price and demand for the product of a firm under ______.
