First-degree price discrimination results in maximum profit, but is often not utilized because

Select one:

a.competition from other firms results in demand curves being horizontal and equivalent toATC

ATCcurves.

b.since they are used to single prices being charged in most markets, consumers do not differ in their demands.

c.a firm would not want to operate in a manner similar to a monopoly.

d.the information and negotiation costs in dealing with each individual customer are very expensive.