Charging different prices for the same commodity is a fea...
Charging different prices for the same commodity is a feature of a
Perfect competition
Commodity market
Monopolistic competition
Monopoly market
Correct answer is A
In a perfect competitive market, price discrimination occurs when identical goods and services are sold at different prices by the same provider. In pure price discrimination, the seller will charge the buyer the absolute maximum price that he is willing to pay.
All economic systems must decide what to produce because ...
If a country operates a freely floating exchange rate system and suffers a balance of payment,&...
As a firm expands, it enjoys some advantages called ...
One of the problems facing the Nigerian oil and gas industry is____________________? ...
Import substitution aims at ...
Short-run period in production is a period too short for a firm to be able to change its ...
A country is economically rich if ...
External dis-economies of scale result from excessive growth of ...