MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Shares

Which of the ...

Question

Which of the following refers to charging different prices from different buyers of the same good?

A

Contraction of price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Extension of price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Price discrimination

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Price control

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Price discrimination

The act of selling the same product at different prices to different buyers is known as price discrimination. This situation prevails under monopoly as they can charge different prices from different buyers easily.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Charging different prices for the same product or same price for the differentiated product defined by

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

Q. Price discriminaton involves charging different prices for a commodity:

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

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.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Shares

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard X Mathematics

Join BYJU'S Learning Program

CrossIcon