(a). Say a firm is engaged in first degree (or perfect) price discrimination. What price will the...
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(a). Say a firm is engaged in first degree (or perfect) price discrimination. What price will the firm try to charge each customer?
(b). Another firm practices market segmentation (or third degree) price discrimination. In market segment A, demand is price elastic; in market segment B, demand is price inelastic. In which segment will the firm charge the higher price?
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ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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