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Define first-second and third price discriminations

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Reference no: EM132299220

Please answer the following:

1. Define price discrimination

2. Define first, second and third price discriminations.

3. What is the relationship between perfect first-degree price discrimination and consumer surplus?

4. Define bundling as a price strategy

5. Define two-part pricing.

6. Define skimming as a price strategy

7. Define Market Power

8. Discuss different sources of market power

Reference no: EM132299220

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