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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
Price and Output Determination Under Monopoly 53
PRICE DISCRIMINATION UNDER MONOPOLY
Price Discrimination
e theory of pricing under monopoly, as discussed earlier, gives the impression that once a monopolist
xes the price of its product, the same price will be charged from all the consumers. is is, however,
not the case generally. A monopolist, simply by virtue of its monopoly power, is capable of charging
dierent prices from dierent consumers or groups of consumers. When the same (or somewhat dier-
entiated) product is sold at dierent prices to dierent consumers, it is called price discrimination. When
a monopolist sells an identical ...
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Publisher Resources

ISBN: 9788131797655