0 votes
in Revision by
What are ways that may be used by a monopoly to differentiate a product market?

Methods/Ways of market separation/product differentiation

1 Answer

0 votes
by (117k points)

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
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...