Complete the correlation : Discriminated prices : ______ : : Single price : Perfect competition
Q.1 (B) (ii) Complete the correlation : Discriminated prices : ______ : : Single price : Perfect competition
Q.1 (B) (ii) Complete the correlation : Discriminated prices : ______ : : Single price : Perfect competition
Best answer
Answer: Monopoly
Under perfect competition a single uniform price prevails. A monopolist can practise price discrimination, charging different prices to different buyers for the same product.
Log in or create a free account to answer this question.