Where will you see more price discrimination: In monopoly-type markets with just a few firms or in competitive markets with many firms? Why?

Q: Why don’t monopolists try to establish the highest price possible, as many people allege? What would…

A: For the existence of monopoly the three conditions are necessary: 1. There is a single producer  2.…

Q: How may price discrimination increase the social welfare?

A: Price discrimination happens when a firm or a producer offers different prices of the same good to…

Q: How does the supply curve for a monopolist look like?

A: Answer to the question is as follows :

Q: The firm uses price discrimination to increase its profits. What is the change in the price level?…

A: Price discrimination:- Price discrimination is a marketing approach in which a vendor asks varying…

Q: Price discrimination is one of the features of which type of the market economy?

A: According to the given question The amount of the price discrimination usually occurs when the…

Q: What is price discrimination and how it helps the firm and the consumers

A: For price discrimination to occur, all three must be met:1.The producer should be able to establish…

Q: Examine the various types of price discrimination and explain how they can benefit consumers and…

A: Forms of price discrimination:- 1) First degree price discrimination:- When a vendor ask the utmost…

Q: What is Price Discrimination? Write down the conditions and types of price discrimination. How it…

A: Price discrimination is a pricing practice where the producers charge different price from the…

Q: What is a 'reservation-price curve' and why is different to the ordinary demand curve in many cases?

A: If a person only wants one unit of a good, the quantity desired is either one or zero, and the…

Q: Suppose you can separate consumers into two groups: Group 1 has a price elasticity of demand = -3…

A: Price elasticity of demand refers to the ratio between the percentage change in quantity demanded to…

Q: What are the pros and cons of imposing a price ceiling on face masks? Please explain?

A: Price ceiling is a type of price control mechanism. Generally P ceiling is imposed by the government…

Q: In terms of which of the following is the monopoly greater than the competitive market? a)…

A: The monopoly is a market structure which is characterized by the presence of a single seller selling…

Q: Is Price Discrimination a case of monopoly only? If yes, then why and how? Why is it favorable to…

A: A price-taking firm can only take the market value as given—it isn't in a very position to form…

Q: Do you think Monopoly increases general welfare?

A: Since the first two questions are subjective, we will answer the third question for you.  A monopoly…

Q: What do you understand by discriminatory monopoly? Bring out the conditions that enables the…

A: Monopoly is the type of market structure where there exist a single seller and many buyers and the…

Q: What are the limitations of a monopoly? Provide ONE example of a policy we can use to address…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: In a world with no price discrimination, what is the monopolist's profit-maximization condition? In…

A: American’s willingness to pay, Q = 50 – P Europeans’ willingness to pay, Q = 10 – P/4

Q: Why are changes of prices of commodities is very responsive to the needs of the consumer?

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Do you think price discrimination a socially acceptable or unacceptable practice and why?

A: Price discrimination could be a promoting approach during which a trafficker charges varied costs…

Q: Determine whether the following statements apply to monopoly markets, competitive markets, both, or…

A: Perfect Competitive market and Monopoly market are the two different forms of market . The…

Q: Is it inevitable that the monopoly price of a commodity must be higher than its competition price?…

A: Monopoly market and perfectly competitive markets are considered as completely different forms of…

Q: 6. Examples of price discrimination Complete the following table by indicating whether or not each…

A: Meaning of Price Discrimination: The term price discrimination refers to the situation under which…

Q: If the government wants to increase the market efficiency through price regulation, would you…

A: If the government wants to increase the market efficiency through price regulation, this will be…

Q: Explain the concept of black marketing as a direct consequence of price ceiling in economics?

A: According to the given question The price ceiling are certain laws or regulations which are enacted…

Q: What is the time when the price discrimination is profitable?

A: Price discrimination refers to the practice of sellers to charge different prices from different…

Q: What is price discrimination and when does it work?

A: Price discrimination is an act of charging different prices for the same product to different…

Q: 6. Examples of price discrimination Complete the following table by indicating whether or not each…

A: Price discrimination: - it is the practice of charging different prices from different consumers for…

Q: Give reasons why firms use price discrimination for Airlines ticket?

A: Price discrimination refers to the selling strategy of the producers under which they charge…

Q: What are ways in which a monopolist can engage in price discrimination?

A: Price discrimination is a pricing strategy in which a firm charges different prices for the same…

Q: How does price discrimination help customers?

A: A selling strategy that charges consumers prices at different levels for the same product or service…

Q: Part (d): How many units of output would they sell to group 2 and how much will each consumer in…

A: Third degree price discrimination in monopoly means charging different price level from different…

Q: U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different…

A: A) Contingent upon the abroad business sectors elasticity of demand and prevailing price ceilings…

Q: Name three places you frequent that use price discrimination and explain the discrimination used.

A: Price discrimination is the practice of charging different prices from different consumers for the…

Q: Why is price discrimination economically efficient for society as a whole but disadvantageous for…

A: Price discrimination is a pricing technique that involves charging different customers different…

Q: It is a surprise to many people that a Mercedes Benz, produced in Germany, is more expensive in…

A: Principle of price discrimination:- This principle say that a firm can charge different prices for…

Q: Can you think of good examples of a monopoly market environment?

A: In an economy, a market is said to be a monopoly when there is the only seller who can influence the…

Q: What is the difference between price-fixing and predatory pricing? How do governments discourage…

A: Anti competitive prices are not favorable for general welfare of society. Such practices tend to…

Q: What is a monopoly? Why do we not think monopolies are good in economics, even if they are very…

A: A monopoly market refers to the market structure where only a single seller exists in the market.…

Q: Is a monopoly still subject the laws of supply and demand?  How can it use these laws to its…

A: Monopoly can be defined as the market structure in which there is a single producer of a commodity…