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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
Which two forms of market earn normal profit in the long run?
Non-price competition is ______.
How is Perfect competitive market is different from a monopoly market?
A monopolist is price maker:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Define perfect competition.
Identify the market form for the item given below:
Product differentiation
To which market is price discrimination relevant?
