Respuesta :
Price discrimination is effective in monopoly market because of single seller and no choice left for the consumers.
A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. Price differentiation mostly depends on the variability in customers' willingness to pay and in their demand's elasticity.
When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.
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