0 votes
53 views
in MSBSHSE by (40 points)
1. welfare oriented monopoly
2. A practice of charging different prices for the same product 

Please log in or register to answer this question.

1 Answer

0 votes
by (18.8k points)

1. High monopoly prices lead to a deadweight loss of consumer welfare because output is lower and price higher than a competitive equilibrium. High prices mean some consumers are priced out of the market because of a fall in effective demand.

No related questions found

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...