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(a) Explain the rationale behind a monopoly's decision to have price discrimination. What factors must be present for a monopoly firm to price discriminate? (b)

(a) Explain the rationale behind a monopoly's decision to have price discrimination. What factors must be present for a monopoly firm to price

discriminate?

(b) Give an example of perfectly competitive in Malaysia and explain how the selected firm decides when to shut down production temporarily with a diagram.

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