Price discrimination is possible in which of the following market structures?
A.perfect competition
B.monopoly
C.oligopoly
D.monopolistic competition
A)a, b, c, and d
B)c and d only
C)b and c only
D)b, c, and d only

Question

Quizplus · Accepted Answer

Price discrimination is possible in markets where the seller has some degree of market power or control over price, which includes monopolies, oligopolies, and monopolistic competition. In perfect competition, there are many small firms and no single firm has enough market power to engage in price discrimination. Therefore, options A and B are not correct, and option C is incorrect as well since monopolistic competition is also included. Option D is the only correct choice as it includes all of the market structures where price discrimination is possible.

Price Discrimination Is Possible in Which of the Following Market