Does a monopoly's ability to price discriminate between two groups of consumers depend on its marginal cost
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Does a monopoly's ability to price discriminate between two groups of consumers depend on its marginal cost curve? To answer this, compare the situation for the monopolist when it engages in group price discrimination with the situation in which it has a higher constant marginal cost equal to 5 .
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No a monopolys ability to price discriminate between two groups of customers does not directly depend on its marginal cost curve Heres why Price Discr...View the full answer
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