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a. Define price discrimination. Discuss theFOUR (4)factors, which leads to price discrimination in monopoly market structure. (10 marks) b. Explain the structure of the circular

a. Define price discrimination. Discuss theFOUR (4)factors, which leads to price discrimination in monopoly market structure. (10 marks)

b. Explain the structure of the circular flow model. (6 marks)

c. Illustrate a circular flow diagram with households and firms and without government. Label the markets and the flows in the circular flow diagram.(4 marks)

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