Bissoy.com
Doctors Medicines MCQs Q&A

A price discriminating monopoly differs from a non-discriminating monopoly because a discriminating monopoly

A price discriminating monopoly differs from a non-discriminating monopoly because a discriminating monopoly Correct Answer earns more revenue than a non-discriminating monopoly

C Price discrimination occurs when a company can charge different prices to different customers for essentially the same product. Therefore any company that can engage in price discrimination will earn higher revenues than those companies that do not. Therefore the answer is (C).

Related Questions

Among six commodities P, Q, R, S, T and U, the price of Q is 1.5 times that of T. The price of U is four times that of P. The price of S is equal to the price of R. The price of P is 3.5 times that of R. The price of T is twice the price of R. The price of P is Rs. 70. What is the price of Q?
If the selling price of a refrigerator is 26% more than its cost price and the discount offered on its marked price is 4%, then which of the following is correct? I. The ratio of its selling price to the cost price is 63 ∶ 50 II. The ratio of its cost price to the marked price is 7 ∶ 4 III. The ratio of its marked price to the cost price is 21 ∶ 16
If the selling price of a wardrobe is 54% more than its cost price and the discount offered on its marked price is 1%, then which of the following is correct? I. The ratio of its cost price to the marked price is 3 ∶ 7 II. The ratio of its cost price to the selling price is 50 ∶ 77 III. The ratio of its marked price to the cost price is 14 ∶ 9
Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the right order to form a meaningful and coherent paragraph. A. The only way to deal with it is to know what is changeless within you. B. Our only choice is how we are going to respond to it. C. Change is inevitable. D. It is relentless and nondiscriminating.
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
A and B bought two goods for Rs. 6000 and Rs. 4000 respectively. The selling price of B’s goods was 25% more than its cost price whereas the selling price of A’s goods was x% more than its cost price. If the selling price of A’s goods was Rs. 2500 more than the selling price of B’s goods, then find the ratio between selling price of A’s goods and cost price of B’s goods?
The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent.
Price of five cars A, L, J, M and T are compared. Price of A is the least. No two cars have the same price. Price of J is less than T, L and M. Price of neither T nor L is the highest. Price of T is less than L. Price of how many cars is less than the price of L?
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A. At what price the two stores bought the product from the company?
In price discrimination under discriminating monopoly, given that the elasticity of demand in market I is 5 and in market II is 2.5 measured in absolute terms, how are the prices in the two markets related to each other?