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As long as as a monopolist is able to control the resale of its product, then it can successfully practice price discrimination.
Price Discrimination
The strategy of selling the same product or service at different prices to different customer groups, often based on the willingness to pay, market segment, or purchase location.
Control Resale
Control resale refers to measures taken by manufacturers or governments to limit or regulate the resale of products to ensure fair pricing, quality control, or restrict the sale of hazardous goods.
- Become familiar with the conditions and strategies monopolists implement for price differentiation.
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Learning Objectives
- Become familiar with the conditions and strategies monopolists implement for price differentiation.
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