Advertisements
Advertisements
Question
Give reason or explain:
Price discrimination is possible under monopoly.
Short/Brief Note
Advertisements
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.
shaalaa.com
Is there an error in this question or solution?
