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प्रश्न
Elaborate the price discrimination feature of monopoly.
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उत्तर
- Price discrimination is a situation when the monopolist charges different prices of the commodity from its different consumers.
- Monopolist, being the only seller in the market, can exercise this feature by charging different prices for the same product from different consumers.
- Example: The electricity distribution companies might charge different prices from its domestic and commercial users.
संबंधित प्रश्न
Define Discriminating Monopoly.
'Homogeneous products' is a characteristic of ______.
In monopolistic competition, there are ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Imperfect knowledge is a characteristic feature of:
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Why is there no need for selling cost under perfect competition?
Highlight the importance of selling costs in a monopolistically compatible market.
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Trucks
Which type of market structure is the following? Give reason.
Scooters
Product differentiation is practised in monopolistic competition? Give reasons.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
Give two examples of a monopolistically competitive market.
Identify the market form from the following.
Firm is a price maker.
What is a price making firm?
