Multiple Choice
Which of the following best explains why it is so difficult for firms to perfectly price discriminate?
A) It is illegal.
B) It is very difficult to know exactly every consumer's willingness to pay.
C) It is difficult to measure the marginal cost of producing an additional unit.
D) Perfect price discrimination often lowers the overall profits of a monopolist.
Correct Answer:
Verified
Correct Answer:
Verified
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