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प्रश्न
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
पर्याय
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
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उत्तर
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
Differentiated products is a characteristic of ______.
Which among the following is a feature of monopsony market?
Give an example of oligopoly.
State two important characteristics of monopoly.
Identify the market form of the following:
Goods sold are homogeneous.
State the market form of the following commodity.
Shampoos
Identify the market form for the item given below:
Homogeneous goods
Why can a monopolist charge different prices in different markets?
There is inverse relation between price and demand for the product of a firm under ______.
