Third degree price discrimination refers to: a. selling the same product to different consumers at different prices when there is no difference in cost. b. selling the same product to each consumer at their maximum willingness to pay when ther is no difference in cost. c. selling the same product to the same consumers at different prices when there is no difference in cost.

Third degree price discrimination refers to: a. selling the same product to different consumers at different prices when there is no difference in cost. b. selling the same product to each consumer at their maximum willingness to pay when ther is no difference in cost. c. selling the same product to the same consumers at different prices when there is no difference in cost.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter18: Asymmetric Information

Section: Chapter Questions

Problem 18.3P

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