You are the manager of a firm that charges customers $16 per unit for the first unit purchased, and $12 per unit for each additional unit purchased in excess of one unit. The accompanying graph summarizes your relevant demand and costs. 3 8 Price points 20 18 eBook [ 16 References 14 12 10 8 6 4:. 2 0 % 8 wuaniuy a. What is the economic term for your firm's pricing strategy? 8 ) O Fourth degree price discrimination e O Third degree price discrimination oo Second degree price discrimination O First degree price discrimination References b. Determine the profits you earn from this strategy. $ 18 Second degree price discrimination 8 - points O First degree price discrimination eBook References b. Determine the profits you earn from this strategy. S . How much additional profit would you earn if you were able to perfectly price discriminate? Instructions: In solving this problem, assume the firm cannot sell fractions of a unit. s 4