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What are ways that may be used by a monopoly to differentiate a product market?

Methods/Ways of market separation/product differentiation

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Ways that may be used by a monopoly to differentiate a product market include;

  • Geographically - exported goods are sold at cheaper price in the country of manufacture than in foreign country.
  • Time-peak and off peak
  • Type of demand e.g. demand for electricity of domestic use and commercial use
  • Income e.g. in hospitals
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