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प्रश्न
Why can a monopolist charge different prices in different markets?
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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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संबंधित प्रश्न
Following is the feature of perfect competition:
Marginal revenue of a firm is constant throughout under:
In monopolistic competition, there are ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which of the following market types has the fewest number of firms?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Define monopolistic competition.
What is meant by barriers to entry?
Why do producers incur high selling costs in an imperfect market?
Why are selling costs incurred?
