HSC Commerce (Marketing and Salesmanship) 12th Board ExamMaharashtra State Board
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Price Discrimination is Possible Under Monopoly. - HSC Commerce (Marketing and Salesmanship) 12th Board Exam - Economics

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Question

Price discrimination is possible under monopoly.

Solution

True, price discrimination is possible in monopoly,
Explanation:
Price discrimination implies charging different prices for the same product from different buyers at the same time. Since a monopoly firm is a 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

 2013-2014 (March) (with solutions)
Question 1.3.3 | 1.00 mark

Video TutorialsVIEW ALL [2]

Solution Price Discrimination is Possible Under Monopoly. Concept: Main Market Forms.
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