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PLEASE HELP! 1. Question 37 (1 point) For price discrimination to work which of the following conditions must hold? Free entry and exit Transaction cost

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Question 37 (1 point) For price discrimination to work which of the following conditions must hold? Free entry and exit Transaction cost is negligible A firm can prevent resale of its product Firms sell homogenous products Question 38 (1 point) In perfect competition, the second order condition for maximizing profit requires that the is upward slopping at the profit maximizing output level. O marginal cost curve demand curve profit curve average cost curve

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