QUESTION 3 Nissun and Horden are Australia's two largest car brands by sales volume. Recently, they have faced new, international competition, such as the Japanese Toyoto brand. Toyoto specialises in selling discounted cars to Australian businesses if they purchase them in large quantities. Select the item from the list provided to make the following statements true. . first degree price discrimination . second degree price discrimination . third degree price discrimination -~ When compared to Nissun and Horden, Toyoto could be argued to be engaging in . -~ IfNissun and Horden both decided to choose a strategy that results in significant losses for both of them, they are likely facing a _ peak load pricing -~ For statement 2 above, if Nissun and Horden follow this strategy resulting in significant losses for both of them, it would have resulted in them both playing their strategy. . arbitrage 1 2 3 4 5. pricing power 6 7. inefficient 8. convict's dilemma g. dominant 10.dominated 11. prisoner's dilemma 12. efficient