Answer to Question #209336 in Economics for Ntokozo

Question #209336

Why is price discrimination not possible under perfect market conditions


1
Expert's answer
2021-06-22T10:19:07-0400

Price discrimination refers to charging different prices to different customers. In a perfectly competitive market, this is not possible, because there are many firms competing for the price; but it is possible in a monopoly because people have no other place to buy.


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