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CA What are the second-degree and the third-degree price discriminations? Discuss their similarities and differences with respect to their implementations. Why would a company sometimes

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CA What are the second-degree and the third-degree price discriminations? Discuss their similarities and differences with respect to their implementations. Why would a company sometimes find it profit optimal to provide a low level of service to some consumers even though the extra willingness-to-pay of these consumers for more service greatly exceeds the cost of the additional service provision? Explain your answer in the context of a specific company/industry and specify the degree of price discrimination used

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