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.
Chapter18: Asymmetric Information
Section: Chapter Questions
Problem 18.3P
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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.
d. the selling of identical products in different markets when there is a
difference in cost.
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Transcribed Image Text:e
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.
d. the selling of identical products in different markets when there is a
difference in cost.
Next page
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