If a Firm Sells to Two Distinct Identifiable Markets and Resale

question 98

Essay

If a firm sells to two distinct identifiable markets and resale is impossible,why is price discrimination more profitable than setting a single price?

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Definitions:

Repay

The act of paying back money that was borrowed.

Tax Refund

A reimbursement to a taxpayer of any excess amount paid to the government over the tax liability.

Garnish

To legally seize funds directly from a debtor’s paycheck or bank account to pay off a debt.

Federal Benefits

Financial or non-monetary assistance provided by the government to eligible individuals, families, or organizations.