A firm that charges different price of goods or services that have same technical qualities is called
Answer Details
A firm that charges different prices for goods or services that have the same technical qualities is called a discriminating monopoly. This means that the firm has the power to charge different prices to different consumers or groups of consumers, based on factors such as their willingness to pay or their ability to pay. This is different from a perfect competitor, which is a market in which there are many small firms that sell identical products and have no power to set prices. A monopsony is a market in which there is only one buyer and many sellers, while an oligopoly is a market in which there are only a few large firms that dominate the market. A duopoly is a market in which there are only two firms that dominate the market. In summary, a discriminating monopoly is a firm that has the power to charge different prices to different consumers, while the other terms describe different market structures in which firms operate.