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Which of the following is true regarding price discrimination? i. It converts consumer surplus to economic profit.
Ii) A price discriminator must be a monopoly.
Iii) To be able to price discriminate, the firm must be able to identify different types of buyers.
Light
Electromagnetic radiation that is visible to the human eye and is responsible for the sense of sight, as well as having applications in technology and communication.
Retina
The light-sensitive layer at the back of the eye that captures images and sends them to the brain via the optic nerve.
Bending
The action or process of physically deforming a material, object, or part of the body by applying force.
Lateral Edge
The edge that runs along the side of an object or structure.
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