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Monopoly Impacts and Government Interventions

A monopolist ...

Question

A monopolist can exercise price discrimination.

A

True

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B

False

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Solution

The correct option is A True
True.
A monopolist can charge different prices for the same commodity from different buyers because of no close substitutes of his product.

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Similar questions

Q. Give reasons or explain:

1. Single price prevails in perfect competition.

2. Price discrimination is possible under monopoly.

3. Selling cost is incurred by a firm in Monopolistic competition.

4. A monopolist can control the supply of goods.

5. Sellers and the buyers are price takers in perfect competition.

Q. Discrimination monopoly implies that the monopolist charges different prices for his commodity:

Q. Discriminating monopoly implies that the monopolist charges different prices for his commodity ___________________.

Q. According to which article of the Constitution can the state not exercise any discrimination against any citizen?

Q. Price discrimination can occur only under ____________.

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