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The situation in which a firm is able to charge the maximum price consumers are willing to pay for each unit of output the firm

The situation in which a firm is able to charge the maximum price consumers are willing to pay for each unit of output the firm sells is referred to as:

A.

first-degree price discrimination.

B.

second-degree price discrimination.

C.

third-degree price discrimination.

D.

fourth-degree price discrimination.

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