Elaborate the price discrimination feature of monopoly.

1.	Elaborate the price discrimination feature of monopoly.
Answer» Price Discrimination – is a situation where the monopolist charges different set of prices of the commodity from different set of consumers. Monopolist being the only seller in the market can exercise this feature by charging different prices (for the products which are homogeneous or otherwise) from different consumers. For example the electricity distribution companies might charge different prices from domestic and commercial electricity users.

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Elaborate the price discrimination feature of monopoly.

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