7. Conditions for price discrimination Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences. Evaluate the following statement: "Price discrimination requires market segregation." None of these choices False, because the monopolist can never charge anyone their maximum willingness to pay anyway True, because the monopolist needs to know the willingness to pay of different groups of consumers False, because the monopolist does not need to know people's willingness to pay for its goods
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7. Conditions for price discrimination Price discrimination is the practice of selling the same good...
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