What is meant by Price discrimination? Explain methods of Price discrimination.
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Price discrimination is a pricingstrategy that charges customers different prices for the same product or service. In pure price discrimination, the seller charges each customer the maximum pricehe or she will pay.
Types of Price Discrimination. There are three types, or degrees, of price discrimination: The first degree of price discrimination is charging the price that consumers are willing to pay. This may be in the form of negotiation or offering specials for individuals who have been loyal customers or repeat shoppers.
Types of Price Discrimination. There are three types, or degrees, of price discrimination: The first degree of price discrimination is charging the price that consumers are willing to pay. This may be in the form of negotiation or offering specials for individuals who have been loyal customers or repeat shoppers.
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HEY DEAR ...
Price discrimination refers to the charging of different prices by the monopolist for the same product.
The difference in the product may be on the basis of brand, wrapper etc. This policy of the monopolist is called price discrimination
Types of Discriminating Monopoly:
Price discrimination is of following three types:
1. Personal Price Discrimination:
Personal price discrimination refers to the charging of different prices from different customers for the same product. For example, a doctor charges different fees for the same operation from rich and poor patients.
2. Geographical Price Discrimination:
Under geographical price discrimination, the monopolist charges different prices in different markets for the same product. It also includes dumping where a producer may sell the same commodity at one price at home and at the other price abroad.
3. Price Discrimination according to Use:
When the monopolist charges different prices for the different uses of the same commodity is called the price discrimination according to use.
HOPE , IT HELPS ...
Price discrimination refers to the charging of different prices by the monopolist for the same product.
The difference in the product may be on the basis of brand, wrapper etc. This policy of the monopolist is called price discrimination
Types of Discriminating Monopoly:
Price discrimination is of following three types:
1. Personal Price Discrimination:
Personal price discrimination refers to the charging of different prices from different customers for the same product. For example, a doctor charges different fees for the same operation from rich and poor patients.
2. Geographical Price Discrimination:
Under geographical price discrimination, the monopolist charges different prices in different markets for the same product. It also includes dumping where a producer may sell the same commodity at one price at home and at the other price abroad.
3. Price Discrimination according to Use:
When the monopolist charges different prices for the different uses of the same commodity is called the price discrimination according to use.
HOPE , IT HELPS ...
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