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15-4MonoDisc - Necessary Conditions for Price...

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1 Monopoly Price Discrimination Chapter 15-4 Laugher Curve The First Law of Economics: For every economist, there exists an equal and opposite economist. The Second Law of Economics: They're both wrong. Price Discrimination Under certain conditions, a firm with market power is able to charge different customers different prices. This is called price discrimination . The Price-Discriminating Monopolist z Price discrimination is the ability to charge different prices to different individuals or groups of individuals.
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