QUESTION 1 Cameron sells premium steaks at the local market. He has a lot of customers due to the promising taste and texture of his steaks. 1 kilogram of his premium steak costs $80.50. However, it would only cost $68.50/kilogram if a customer buys 3 kilograms of his premium steaks and $58.50/kilogram if a customer buys 5 kilograms instead. Cameron can supply 100 kilograms of premium steaks in a day, but his supply only lasts for an hour and a half. Which of the following statements is true? O With this pricing scheme, Cameron is extracting all the consumer surplus. O Cameron is basing his pricing scheme on the maximum amount his customer is willing to pay for his premium steak. O Cameron is using Third degree price discrimination by charging different prices for different "blocks" of kilograms for his premium steaks. O Cameron receives a larger revenue and profts with this pricing scheme compared to charging a single lower price for larger quantities. O None of the above are true