Question 8
Market StructuresA firm that charges different prices for goods or services that have the same technical qualities is called
- A.a perfect competitor
- B.a monopsony
- C.an oligopoly
- D.a discriminating monopoly
- E.a duopoly.
Show the answer and explanation
Answer: D (a discriminating monopoly)
Explanation
Selling the same product at different prices to different buyers is price discrimination by a monopolist.