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Briefly explain types of price discrimination, Explain any one type with dieagram.
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Solution:

Types of Price Discrimination:

  • There are many forms of price discrimination, but the standard method of classification identifies three types or degrees of discrimination,

(1) First-degree price discrimination.

(2) second-degree Price Discrimination.

(3) Third-degree price discrimination.

  • But there are other two types also named as,

(1) Price Skimming.

(2) …

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