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Fill in the Blank with Appropriate Alternative Given Below _____________ Appears in a Monopoly Market. - Economics

MCQ

Fill in the blank with appropriate alternative given below

_____________ appears in a monopoly market. 

Options

  • product differentiation

  • price discrimination

  • individual differentiation

  • packing differentiation

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Solution

Price discrimination appears in a monopoly market.

Price discrimination implies charging different prices for the same product from different buyers at the same time. Because a monopolist is a single seller of a good in the market, he enjoys the freedom to exercise price discrimination.

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 6 Forms of Market and Price Determination Under Perfect Competition
Exercise | Q 1.2 | Page 52
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