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Category > Economics Posted 05 Jun 2017 My Price 6.00

"True" or "False"

Please answer "True" or "False" and explain why.

a) Perfectly competitive firms and monopolistically competitive firms cannot price discriminate

as they earn zero economic profit in the long run.

b) To practice price discrimination, the firm must be able accurately forecast total sales.

c) With first-degree price discrimination, the marginal revenue curve is the same as the demand

curve.

Answers

(15)
Status NEW Posted 05 Jun 2017 07:06 AM My Price 6.00

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