Under third-degree price discrimination, as the number ofcustomer groups facing different prices increases, the market priceoutcome will approach:d. The perfect competition outcome.b.The first-degree price discrimination outcome.с.The single-price monopoly outcome.d. The Bertrand competition outcome.

Price discrimination refers to the practice of charging a different price from different consumers…

Under third-degree price discrimination, as the number of customer groups facing different prices increases, the market price outcome will approach: а. d. The perfect competition outcome. b. The first-degree price discrimination outcome. с. The single-price monopoly outcome. d. The Bertrand competition outcome.

Under third-degree price discrimination, as the number of customer groups facing different prices increases, the market price outcome will approach: а. d. The perfect competition outcome. b. The first-degree price discrimination outcome. с. The single-price monopoly outcome. d. The Bertrand competition outcome.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter25: Monopoly

Section: Chapter Questions

Problem 3E

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