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Solve: Price Discrimination

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Question: What is the practice by a monopolist of charging each buyer the highest price he/she is willing to pay is called?

© BrainMass Inc. brainmass.com September 20, 2018, 9:33 am ad1c9bdddf - https://brainmass.com/economics/cost-benefit-analysis/141250

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It is known as first degree price discrimination. IT is a form of price discrimination in which a seller charges ...

Solution Summary

This solution briefly explains the practice of price discrimination by monopolists. This is completed in over 60 words.

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