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What is price discrimination?Part 2 Price discrimination is whenPart 3 A . firms charge a higher price for a product when it is first introduced
What is price discrimination?Part Price discrimination is whenPart Afirms charge a higher price for a product when it is first introduced and a lower price later.Bfirms charge a higher price to customers who are less sensitive to pricewho are less sensitive to price and a lower price to consumers who are more sensitive to pricewho are more sensitive to price.Cfirms charge each consumer a different price equal to that consumer's willingness to pay.Dboth a and bEall of the above.
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