Question

A single price Monopoly firm is preferable to a multiple price monopolist do you agree? give reason

Answer 1

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Answer 2

Monopoly Market

Explanation

Yes it  is true that a single price monopoly firm is more preferable as compared to a multiple price monopolist because

• One price one mid set will be there.As when there is multiple price for the same product than it might be very confusing to the buyers to buy the product.
• Everyone think that they may buy that product which allow there pocket and is under budget for them.
• But the problem arise here is for buyers the product that is high in price people think that it will be good in quality but at that time looking at the price it is very difficult for them to buy because it is over budget.