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Explain the meaning of price discrimination? How does a monopolist take advantage of this policy?
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Explain the meaning of price discrimination? How does a monopolist tak...
It means that the seller charges different price from different buyers. It mainly happens in monopoly competition. Because, here the number of firm is one or there is single seller of the product and many buyers. So it can charge any price from its buyers. But buyers will buy more only when it reduces its price.
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Explain the meaning of price discrimination? How does a monopolist take advantage of this policy?
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Explain the meaning of price discrimination? How does a monopolist take advantage of this policy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Explain the meaning of price discrimination? How does a monopolist take advantage of this policy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain the meaning of price discrimination? How does a monopolist take advantage of this policy?.
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