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Which of the following is not true for Perfect Price Discrimination? (A) The welfare-maximizing quantity (aka the efficient quantity) is produced (B) Each consumer is
Which of the following is not true for Perfect Price Discrimination?
(A) The welfare-maximizing quantity (aka the efficient quantity) is produced
(B) Each consumer is charged their reservation price for a unit of a good
(C) Firms engaging in perfect price discrimination need to prevent resale
(D) Firms engaging in perfect price discrimination need information about consumer's underlying utility functions
(E) Each of the facts above is true
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