Economy, asked by ushukla5513, 1 year ago

Monolploy firm charges different prices from differnet person

Answers

Answered by harshshah2609
0
yes. being a monopoly firm, you have the complete control over the supply of the product with no close substitute to it. so the consumers are forced to pay the cost you as a suppkier ask for. This is the point taken advantage of and hence monopoly firm has price discrimination i.e different price frok different people
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