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Which of the following is true about price discrimination? (a) Firms would generally like to price discriminate, but arbitrage may limit its profitability (b) Price

Which of the following is true about price discrimination?

(a) Firms would generally like to price discriminate, but arbitrage may limit its profitability

(b) Price discrimination is illegal in the United States under Section One of the Sherman Act

(c) An example of price discrimination is when a firm raises its prices after its input costs increase

(d) None of the above

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