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  • 23-04-2021
  • Business
contestada

what is meant by price discrimination and why is it important to monopolies?

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altheaespiritu1
altheaespiritu1 altheaespiritu1
  • 28-06-2021

Answer:

A discriminating monopoly is a single entity that charges different prices—typically, those that are not associated with the cost to provide the product or service—for its products or services for different consumers. Non-discriminating monopolies, on the other hand, do not engage in such a practice.

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