Question:

Match List-I with List-II:

List-I(Pricing Strategies)

List-II(Type of Price Dis crimination)

ALocating individual consumers and charging each of them a unique priceIBundling
BDividing consumers into two markets with different elasticities and charging separate unique pricesIISecond degree price discrimi nation
CIncluding extra units of another good with the main good sold and charging the consumer a higher priceIIIFirst degree price discrimi nation
DCharging customers a different price depending on day of the weekIVThird degree price discrimi nation

Choose the correct answer from the options given below

Updated On: Dec 21, 2024
  • (A) - (II), (B) - (III), (C) - (IV), (D) - (I)
  • (A) - (III), (B) - (III), (C) - (I), (D) - (IV)
  • (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
  • (A) - (II), (B) - (IV), (C) - (I), (D) - (III)
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The Correct Option is D

Solution and Explanation

The matching between market organization and type of monopoly pricing is:

(A) corresponds to Second-degree price discrimination, where consumers pay for varying quantities of goods.

(B) corresponds to First-degree price discrimination, where each consumer is charged their maximum willingness to pay.

(C) corresponds to Third-degree price discrimination, charging different prices based on cost.

(D) corresponds to Bundling.

Thus, the correct matching is: (A) - (II), (B) - (I), (C) - (III), (D) - (IV).

Hence, the correct answer is (d).

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