From looking at Table 23.1, it seems that the firm is unambiguously less restricted in its pricing
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From looking at Table 23.1, it seems that the firm is unambiguously less restricted in its pricing under second degree price discrimination than under third degree price discrimination. So how could it theoretically be the case that profit is higher under third degree price discrimination?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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