a. In competitive markets in the long run, if there are two kinds of steaks, regular and

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a. In competitive markets in the long run, if there are two kinds of steaks, “regular” and “high-quality Angus beef,” and the regular beef sells at a lower price, is this an example of price discrimination?
b. How is this different from the HP printer story in this chapter?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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