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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
'Homogeneous products' is a characteristic of ______.
What is meant by pure competition?
Identify the market form of the following:
Motor car market in India.
Define monopoly.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Ball-pen
To which market is price discrimination relevant?
What is meant by the term ‘price taker’?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
