Multiple Choice
Which of the following conditions must be TRUE for perfect price discrimination?
I. The seller must have very good information about the buyer's willingness to pay.
II. Marginal revenue must equal demand.
III. The marginal cost of production must be constant.
A) I only
B) I and II only
C) I and III only
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
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