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Price discrimination is the practice of charging different prices to different groups of consumers. Firms use price discrimination to boost profits. Is society worse off
Price discrimination is the practice of charging different prices to different groups of consumers. Firms use price discrimination to boost profits. Is society worse off when there is price discrimination? Is it fair to charge a higher price for people who place a higher value on a good or service? Many museums in New York have no admission fee on Wednesdays. Is this price discrimination? Does society benefit? Provide specific examples of price discrimination and discuss the consequences. Discuss
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