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Which of the following is TRUE? a.Arbitrage is not an effective way for retailers to defeat price discrimination by manufacturersb.High End retailers can defeat price

Which of the following is TRUE?

a.Arbitrage is not an effective way for retailers to defeat price discrimination by manufacturersb."High End" retailers can defeat price discrimination by the manufacturers through arbitragec.Retailers are incapable of defeating upstream price discrimination once the manufacturer sets pricesd.Discount retailers can defeat price discrimination by the manufacturers through arbitrage

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