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fConsider a monopolist in a market, able to apply first degree price discrimination between two types of con- sumers. Under this practice, if the monopolist
\fConsider a monopolist in a market, able to apply first degree price discrimination between two types of con- sumers. Under this practice, if the monopolist operates using two-part tariffs, then it obtains a total profit of $1IIlUU. If instead, the monopolist were to use packages, then profits would be: a) $100ll
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