Explain how price discrimination increases profit

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Q. Explain how monopoly arises and distinguish between single-price monopoly and price discriminating monopoly. Explain how a single-price monopoly determines its output and price . Compare performance of a single-price monopoly with that of perfect competition. Explain how price discrimination increases profit. Explain why monopoly can sometimes achieve a better allocation of resources than competition can.

Reference no: EM1369514

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