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Please explain what is this first degree price discrimination? I am not getting this diagram so please explain this diagram as well, thanks ! FIGURE

Please explain what is this first degree price discrimination? I am not getting this diagram so please explain this diagram as well, thanks !

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FIGURE 13.20 First-Degree Price Discrimination [fthe monopolist charges an hourly rate of P* he then charges the student and professor an annual membership fee equal to their respective consumer surplus. The hourly rate is the same for both consumers, but the membership fee is not

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