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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
Selling costs are absent in perfect competition market.
'Homogeneous products' is a characteristic of ______.
A seller cannot influence the market price under:
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Producers in a monopoly are price makers. Briefly explain.
Give an example of monopsony.
State two important characteristics of monopoly.
State the advantage of monopolistic competition over monopoly.
Identify the market form for the following:
Railways in India.
Which type of market structure is the following? Give reason.
Trucks
What induces new firms to enter an industry?
What is the difference between collusive and non-collusive oligopoly?
What does perfectly elastic demand curve faced by a competitive firm indicate?
There is inverse relation between price and demand for the product of a firm under ______.
Mention one feature of a monopoly market.
In which market form is there a single seller and no close substitutes for the product?
Which feature best distinguishes monopolistic competition from perfect competition?
In which type of market are firms interdependent and a few large firms dominate?
