Question

Different prices can be charged by the producer in different market segments. Explain statement by taking a case of aviation industry

Answer 1

Heya.......

Here is your answer...

yup, diffrent charges taken by producer in diffrent market segements and it is depend upon the kind of his industry..

Industries r of diffrent kinds and according to them charges are taken by a producer..

# In perfectly competetive industry prices r constant as fixed by gov..

# In Monopolistic market he can charge what  he wish to take as there is no subsitute of his product.

# In oligopoly market he is forced to made cartels means aggrements with other firms to set his product prices..

# Monopoly market is that when he charged more and more prices of his product..

With all these the market factors like demand of his product also influence his prices to product..

So the  matter of industry affect the price ranges..

Thank you..