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Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.

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Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences. Evaluate the following statement: "Price discrimination is not possible when a good is sold in a perfectly competitive market:" True, because perfectly competitive firms have no market power None of these choices Fabe, beciuse perfectly competitive firms have market power Palse, because perfectly competitive firms do not profit maximite by setting marginal revenue equal to marginal cost Whach of the following knds of price discrimination occurs when each customer in a single market is charged the maximum price he or she is wiling to pay? This is not an example of peice discrimination second-degree price discrimination Third-degree price discrimination Perfect price discrimination

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