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Question
Fill in the blank with appropriate alternative given below
_____________ appears in a monopoly market.
Options
product differentiation
price discrimination
individual differentiation
packing differentiation
MCQ
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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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