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Explain the following concepts: a) Price discrimination b) Dumping c) Marginal cost pricing d) Cost-plus pricing e) Multiple product pricing f) Public goods g) Market

Explain the following concepts: a) Price discrimination b) Dumping c) Marginal cost pricing d) Cost-plus pricing e) Multiple product pricing f) Public goods g) Market power h) Externalities i) Market failure

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The detailed answer for the above question is provided below Answer a Price Discrimination Price discrimination occurs when a seller charges different prices to different consumers for the same good o... blur-text-image
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