3 years ago

Why do monopolists engage in price discrimination?

Social Studies

1 answer:

elena55 [62]3 years ago

5 0

Answer:

Explanation:

Because In monopoly, there is a single seller of a product called monopolist. The monopolist has control over pricing, demand, and supply decisions, thus, sets prices in a way, so that maximum profit can be earned.

The monopolist often charges different prices from different consumers for the same product. This practice of charging different prices for identical product is called price discrimination.

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