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1. Why is a constant return to scale incompatible with the perfect competition? 2. What is price discrimination? What are the necessary conditions of price

1. Why is a constant return to scale incompatible with the perfect competition?

2. What is price discrimination? What are the necessary conditions of price discrimination? What companies use price discrimination?

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Ans 1 If returns to scale are constant Ie k1 and this says that the Market value of the inputs Value ... blur-text-image

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