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प्रश्न
With the help of an example explain the meaning of price discrimination.
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उत्तर
The act of selling the same product at different prices to different buyers is known as price discrimination. A monopolist can charge different prices from his different buyers easily. If a monopolist adopts a policy of price discrimination, the situation is called a discriminating monopoly.
Example:
- Indian Railways charge lower fares from senior citizens of the country as compared to other citizens.
- Electricity boards sell electricity at cheaper rates for agricultural use than for domestic use.
संबंधित प्रश्न
Explain three features of Perfect competitive market.
A seller cannot influence the market price under:
Indian Oil Corporation Limited is an example of a/an ______.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Producers in a monopoly are price makers. Briefly explain.
Give an example of oligopoly.
Define product differentiation.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Goods sold are homogeneous.
State the market form of the following commodity.
Shampoos
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
What do you mean by homogeneous products?
What is meant by barriers to entry?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Why an individual firm under perfect competition cannot influence the market price?
Which of the following is an example of a perfectly competitive market?
