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Why is market power necessary for price discrimination? Group of answer choices Without market power, a seller would lose customers if the seller tried to
Why is market power necessary for price discrimination? Group of answer choices Without market power, a seller would lose customers if the seller tried to charge a higher price. Market power allows a seller to control market demand, which allows the seller to set price. When a seller has market power, the product cannot be resold. Market power increases competitive pressures, which facilitate discriminatory pricing
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