Ask Question
BusinessBusiness
31 January, 08:35

Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to price discrimination.

+3
Answers (1)
  1. 31 January, 08:58
    0
    Monopolies engage in price discrimination possible because they can get away with it.

    A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.

    Consumers must pay the price of said product because they can not get the same product from any other seller.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to price ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
International economics can be divided into two broad subfields: A. developed and less developed. B. international trade and international money. C. static and dynamic. D. monetary and barter. E. macro and micro.
Answers (1)
You begin the week with 20 units of milk. you purchase 40 units. you ending inventory for the week is 30 units
Answers (1)
The generator is a popular youth hostel in london located near kings cross. The hostel provides a bed, showers, and breakfast in their nightly fee.
Answers (2)
The Tip-Top Paving Co. wants to be levered at a debt to value ratio of. 6. The cost of debt is 11%, the tax rate is 34%, and the cost of equity for an all equity firm is 14%. What will be Tip-Top's cost of equity?
Answers (1)
Which tool of monetary policy is most likely being described by each of the following statements? a. It's the major way the Federal Reserve System enacts monetary policy. b.
Answers (1)
New Questions in Business
The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.
Answers (1)
Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520
Answers (1)
When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false
Answers (1)
What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?
Answers (1)
Burns Industries currently manufactures and sells 20.000 power saws per month, although it has the capacity to produce 35,000 units per month.
Answers (1)
Home » Business » Why do monopolies engage in price discrimination when possible? Enumerate and explain the nature of possible impediments to price discrimination.
Sign Up Forgot Password?