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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
Differentiated products is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
"The price of a product under perfect competition is determined by an individual seller."
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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 |
State the advantage of monopolistic competition over monopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
Name the market in which there is a single buyer and many sellers.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Lipstick
Which type of market structure is the following? Give reason.
Ball-pen
What is meant by the term ‘price taker’?
Elaborate the price discrimination feature of monopoly.
Which of the following is an example of a perfectly competitive market?
In which type of market are firms interdependent and a few large firms dominate?
