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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
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.
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