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WAEC Economics 1999 Question 36

Question 36

Market Structures

Price discrimination can only occur when there is

  1. A.perfect competition
  2. B.imperfect competition
  3. C.a merger
  4. D.partnership
Show the answer and explanation

Answer: B (imperfect competition)

Explanation

A seller needs some control over price, as in monopoly or other imperfect markets, to charge different prices.