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Business, 11.08.2021 05:30 phillipselijah2

Price discrimination occurs when firms charge a higher price to customers whose demand is less elastic and lower prices to customers whose demand is more elastic firms charge a higher price for a product when it is first introduced and a lower price later firms charge different customers different prices based on each customer's willingness to pay all of the above

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Price discrimination occurs when firms charge a higher price to customers whose demand is less elast...
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