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Different Degrees of Price Discrimination

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Define the different degrees of price discrimination. Provide one real world example for each.

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The solution describes different degrees of price discrimination.

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Price discrimination is charging different prices to different buyers for the same good. This is an age old practice for suppliers who have achieved some degree of market control, especially those with a monopoly. The reason for price discrimination, of course, is higher profit. To be a successful price discriminator, a firm must
(1) have market control and be a price maker, (2) identify two or more groups that are willing to pay ...

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