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1)Successful direct price discrimination requires: I.The seller to have a different product for each group of customers. II.The seller must be able to prevent arbitrage
1)Successful direct price discrimination requires:
I.The seller to have a different product for each group of customers.
II.The seller must be able to prevent arbitrage between the different groups of customers.
a.Both I and II are true
b.Both I and II are false
c.I is true and II is false
d.I is false and II is true
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