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प्रश्न
With the help of an example explain the meaning of price discrimination.
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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 a discriminating monopoly.
Example:
- Indian Railways charge lower fares from senior citizens of the country as compared to other citizens.
- Electricity boards sell electricity at cheaper rates for agricultural use than for domestic use.
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
'A few big sellers' is a characteristic of ______.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Define perfect competition.
Give three points of difference between perfect competition and monopoly.
Give an example of oligopoly.
State two important characteristics of monopoly.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the following:
Telecom industry in India.
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Scooters
Product differentiation is practised in monopolistic competition? Give reasons.
To which market is price discrimination relevant?
What is meant by barriers to entry?
Identify the market form from the following.
Perfect knowledge
There is inverse relation between price and demand for the product of a firm under ______.
