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Why do firms engage in price discrimination

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Reference no: EM13200848

A. What is price discrimination? Why do firms engage in price discrimination?
B. What conditions are necessary in order to engage in price discrimination?
C. What is the relationship between price discrimination and price elasticity of demand? Explain.
D. Identify three examples of price discrimination.
E. Compare monopoly with perfect competition as it relates to price, output levels, and efficiency.

Reference no: EM13200848

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