Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in...

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Economics

Explain why monopoly sellers usually offer discount prices tobuyers who are willing to mail in a rebate coupon or endure someother type of inconvenience.

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Generally a Monopoly does not have information about its buyers type specially about their elasticity of demand However it realises that there are certain groups of consumers with inelastic See Answer

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Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in...

90.2K

Verified Solution

Question

Economics

Explain why monopoly sellers usually offer discount prices tobuyers who are willing to mail in a rebate coupon or endure someother type of inconvenience.

Answer & Explanation Solved by verified expert

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