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Price discrimination is one of the features of
monopolistic competition
monopoly
perfect competition
oligopoly
- Monopoly:
- Correct Answer: Monopolies often practice price discrimination because they have significant control over the market. They can charge different prices to different consumers based on their willingness to pay.
- Monopolistic Competition:
- Firms have some ability to price discriminate due to product differentiation. However, the degree is less compared to monopolies.
- Perfect Competition:
- No price discrimination is possible. All firms sell identical products, and prices are determined by supply and demand.
- Oligopoly:
- Some price discrimination can occur if firms have market power and can segment the market.
By: santosh ProfileResourcesReport error
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