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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
Which two forms of market earn normal profit in the long run?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
In which type of market price discrimination is practiced? Explain with an example.
Selling costs are absent in perfect competition market.
Following is not the feature of perfect competition:
Marginal revenue of a firm is constant throughout under:
A monopolist is price maker:
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
The seller in a monopoly market is a price maker.
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 |
Which one of the following is NOT found in a perfectly competition market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is meant by pure competition?
Give three points of difference between perfect competition and monopoly.
To which market is product differentiation relevant?
Why is there no need for selling cost under perfect competition?
Give an example of price discrimination.
To which market form are homogeneous products relevant?
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following:
A few large sellers
