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What is meant by price discrimination? Why can some monopolies practice price discrimination? For each of the following cases, state whether it constitutes price discrimination

What is meant by price discrimination? Why can some monopolies practice price discrimination?

For each of the following cases, state whether it constitutes price discrimination and give a brief explanation for your answer.

Case 1 - Movie tickets: Many movie theatres charge a lower price for children, students and senior citizens than for other patrons.

Case 2- Doctors' consultation fees: Doctors charge a higher consultation fee for home visits than for clinic visits.

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