For the practice of price discrimination to be successful

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Reference no: EM13985934

For the practice of price discrimination to be successful, the monopoly must

face an imperfect resale market for its product.

face similar demand curves for various markets.

have similar costs among markets.

have a downward sloping marginal cost curve.

If a monopoly is maximizing profits,

price will always be greater than the elasticity of demand.

price will always equal marginal cost.

price will always be greater than marginal cost.

price will always equal marginal revenue.

Reference no: EM13985934

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