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The Economist is a weekly magazine that focuses on current affairs, economic issues, international business, and politics. It is purchased by both businesspeople and university
The Economist is a weekly magazine that focuses on current affairs, economic issues, international business, and politics. It is purchased by both businesspeople and university students. Are businesspeople and students charged the same price? Explain with the aid of a diagram, showing prices and quantity sold to each customer segment. Explain the conditions required for third degree price discrimination, and how revenues are maximised using this strategy?
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