Maharashtra State BoardHSC Commerce 12th Board Exam
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Give Reason Or Explain: Price Discrimination is Possible Under Monopoly. - Economics

Short Note

Give reason or explain:

Price discrimination is possible under monopoly.

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Solution

Price discrimination implies charging different prices for the same product from different buyers at the same time. Since a monopoly firm is the single seller in the market it enjoys complete control over the price. In this regard he can follow price discrimination in order to gain maximum profits.

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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 2.2 | Page 52
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