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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 10: Pricing Practices
  5. Question
    A Firm That Sells on Two Markets and Engages in Third-Degree
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A Firm That Sells on Two Markets and Engages in Third-Degree

Question 3

Question 3

True/False

A firm that sells on two markets and engages in third-degree price discrimination will increase the quantity sold on each market until marginal revenue is the same on both markets and is equal to marginal cost.

Correct Answer:

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