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What is price discrimination? What are the conditions for the discriminating price?
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written 3.5 years ago by
prajapatijaimin
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Solution:
What is price discrimination?
Price discrimination or price differentiation exists when sales of identical goods or services are transacted at different prices from the same provider. In a theoretical market with perfect information, perfect substitutes, and no transaction costs or prohibition on secondary exchange (or re-selling) to prevent arbitrage, …
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