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From a CFO / Manager's perspective, what are some pricing strategies employed by firm's based on an industry make-up, elasticity and market power ? Why

From a CFO / Manager's perspective, what are some pricing strategies employed by firm's based on an industry make-up, elasticity and market power ? Why do firms adopt "price discrimination" ? What are the unique criteria for a firm to exercise "Price Discrimination" ? What are the various degrees of "price discrimination" ? Which type of "price discrimination" is the most common in practice ?

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