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A price-discriminating monopolist will set prices so that customers with a _________ willingness-to-pay, pay ____________ prices than other customers, as long as this price is

A price-discriminating monopolist will set prices so that customers with a _________ willingness-to-pay, pay ____________ prices than other customers, as long as this price is higher than the monopolist's average total cost. 1. higher; the same

2. lower; the same

3. higher; lower

5. lower; lower

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