1.

What is price discrimination ? explain the condition how the price discrimination is possible and profitable​

Answer»
  • Price discrimination is possible when the two MARKETS or markets are separated by large distance or tariff barriers, so that it is not possible to TRANSFER goods from a cheaper market to dearer markets. For INSTANCE, a MONOPOLIST may sell the same PRODUCT at a higher price in Bombay and lower price in Meerut.

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