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Price discrimination is possible:

A. Only under monopoly situation

B. Under any market form

C. Only under monopolistic competition

D. Only under perfect competition

Correct Answer : A.


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  2. Government planners play a central role in allocating resources:
  3. A decrease in demand lowers the price the most:
  4. Price discrimination occurs when:
  5. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  6. The marginal revenues are derivatives of:
  7. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  8. All of the following curves are U-Shaped except:
  9. At high prices, demand is likely to be:
  10. With the decrease in marginal valuation of a specific commodity, the price offered by the people:
  11. In the long run:
  12. Elasticity of supply means change in supply due to change in:
  13. Supply of a commodity refers to:
  14. According to Marshal, the Law of Diminishing Marginal Utility:
  15. The act of producing the output from more than one plant is concerned with:
  16. The demand curve of giffen goods will be:
  17. Because of selling costs, the demand curve of a firm shifts:
  18. The monopolist often lead to exploitation of:
  19. Which of the following has more elastic demand curve?
  20. Chamberline introduces the concept of:
  21. Economies of large-scale production:
  22. Average cost means:
  23. The number of sellers in oligopoly are:
  24. Law of Diminishing Marginal Utility is practically untrue because:
  25. We can find total utility by:
  26. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  27. The difference between accounting profits and economic profits is:
  28. 4.The Law of Diminishing Returns according to the modern view, applies to:
  29. When sales tax is imposed on monopolist, its:
  30. In economist the term invisible hand is refers to: