In each case decide whether price discrimination is

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In each case decide whether price discrimination is being practised. it is, is it sensible for train operators to do so? Is it discriminating between people with different price elasticities of demand? If Answer
Chapter 7
. Are these various forms of price discrimination in the traveller’s interest?
Explain why, if the firm can practise first-degree price discrimination by selling every unit at the maximum price each consumer is prepared to pay, its revenue from selling 200 units will be the sum of both the shaded areas
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