In this article we will discuss about the conditions, degrees and techniques of price discrimination under monopoly. Answer 1. Price Discrimination in Monopoly: Price discrimination may be (a) personal, (b) local, or (c) according to trade or use: (a) Personal: It is personal when different prices are charged for different persons. (b) Local: It is […]
Price Discrimination under Monopoly: Conditions, Degrees and Techniques (6 Answers)
Article shared by : 
Price and Output Determination under Monopoly (6 Answers)
Article shared by :
In this article we will discuss about price and output determination under monopoly. Answer 1. Price-Output Determination under Monopoly: A firm under monopoly faces a downward sloping demand curve or average revenue cum. Further, in monopoly, since average revenue falls as more units of output are sold, the marginal revenue is less than the average […]
Price and Output Determination under Monopoly (with graph)
Article shared by : 
Price and Output Determination under Monopoly (with graph)! The analysis of the determination of the price, output and profit under monopoly is based on the following assumptions: 1. It is a simple monopoly which has very low cross elasticity of demand with other products. 2. The monopolist is a rational being who aims at maximum […]