Multiple Choice
Which of the following is true regarding price discrimination?
i.It converts consumer surplus to economic profit.
ii.A price discriminator must be a monopoly.
iii.To be able to price discriminate,the firm must be able to identify different types of buyers.
A) i and ii
B) i and iii
C) ii and iii
D) ii only
E) i, ii, and iii
Correct Answer:
Verified
Correct Answer:
Verified
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