CUET-PG 2024 Question 68: Monopoly and price discrimination
Match List-I (Market organization) with List-II (Type of monopoly pricing):
List-I: (A) Locating individual consumers and charging each a unique price; (B) Dividing consumers into two markets with different elasticities and charging separate unique prices; (C) Including extra units of another good with the main good and charging a higher price; (D) Charging customers a different price depending on the day of the week.
List-II: (I) Bundling; (II) Second degree price discrimination; (III) First degree price discrimination; (IV) Third degree price discrimination.
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Monopoly and price discrimination has come up 128 times in 7 exams since 2004.
What this question tests
This question is on First- and second-degree price discrimination and two-part tariffs, part of Monopoly and price discrimination in Microeconomics.
Charging different prices by consumer or by quantity, up to perfect discrimination and two-part tariffs.
TestStop has 19 past-paper questions on this subtopic.
