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Answer to Question #209559 in Economics for Sbongile
Question #209559
Why is price discrimination not possible under perfect market conditions
Expert's answer
Price discrimination refers to charging different prices to different customers. In a perfectly competitive market, this is not possible, because there are many firms competing for the price; but it is possible in a monopoly, because people have no other place to buy.
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#340153 on Dec 2023
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