Perfect price discrimination is when a firm can charge each customer exactly what they are willing to
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Perfect price discrimination is when a firm can charge each customer exactly what they are willing to pay. In this case,
a. The demand curve is very inelastic.
b. The marginal revenue is the demand curve.
c. The demand curve is very elastic.
d. The marginal cost curve is the average cost curve.
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Related Book For
Managerial Economics
ISBN: 9781337106665
5th Edition
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward
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