What are the types of price discrimination
What are the types of price discrimination?
Expert
The types of price discrimination are as follows:
1. Price relatively elastic portion of the demand curve of the first degree that charging various price for various persons for similar product.
2. Price discrimination of the second degree: In this, the buyers are classified in various divisions.
3. Price discrimination of the third degree: In this, the markets are divided as per elasticity of demand.
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An apparent monopoly might charge the competitive price in the long run when: (w) exit is costly. (x) entry and exit are relatively costless. (y) this is not a natural monopoly. (z) this is not regulated. Discover Q & A Leading Solution Library Avail More Than 1441617 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1929713 Asked 3,689 Active Tutors 1441617 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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