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Question
Price discrimination is possible under ______________.
Price discrimination is possible under ______________.
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Solution
The correct option is D All the above
Price discrimination is when the same good is sold at different prices to different consumers.Price discrimination occur only under imperfect markets such as Monopoly, Oligopoly, Monopolistic competition etc.It cannot occur under Perfect competition market structure as there are large number of buyers. So if a firm charges a higher price the consumer will go to the other sellers.
Price discrimination is when the same good is sold at different prices to different consumers.
Price discrimination occur only under imperfect markets such as Monopoly, Oligopoly, Monopolistic competition etc.
It cannot occur under Perfect competition market structure as there are large number of buyers. So if a firm charges a higher price the consumer will go to the other sellers.
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