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Question 1 Monopoly firm always introduce price discrimination in the market. Using an appropriate diagram, clearly show how does the monopoly firm setup their price

Question 1

Monopoly firm always introduce price discrimination in the market. Using an appropriate diagram, clearly show how does the monopoly firm setup their price range in the market and how its relate to price discrimination.

Question 2

The perfect competitive firm always receive 'zero profit' in the market. Explain in detail using diagrams, why this market structure always facing this issue.

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