Which of the Following Is True Regarding Price Discrimination

question 322

Multiple Choice

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.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) ii only
• E) i, ii, and iii

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