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प्रश्न
Why can a monopolist charge different prices in different markets?
थोडक्यात उत्तर
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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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पाठ 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३९]
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
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 |
Give two characteristics of perfect competition.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form for the following:
Textile industry in India.
Name the market in which there is a single buyer and many sellers.
What is meant by the term ‘price taker’?
There are a large number of buyers and sellers under a ______ market.
Why do producers incur high selling costs in an imperfect market?
