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1. Price discrimination is the practice of charging:
different prices for different goods.
different prices to different customers for the same good.
high prices for products with high marginal costs and low prices for products with low marginal costs.
the same price for different goods in different geographical locations.
2. Competitive markets ______ goods with negative externalities and ______ provide goods with positive externalities.
overprovide; underprovide
underprovide; overprovide
overprovide; overprovide
underprovide; underprovide
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