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Why is producer surplus maximized under perfect price discrimination? 4. What are some ways that a firm...

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Economics

Why is producer surplus maximized under perfect pricediscrimination?
4. What are some ways that a firm can segment itscustomers?
6. What is incentive compatibility? Why is it necessary for anindirect price discrimination strategy to be incentivecompatible?
7. Provide an example of product versioning.
10. What are the two component prices of a two-parttariff?

Answer & Explanation Solved by verified expert
4.0 Ratings (717 Votes)
a Producer surplus is the difference between the price at which a seller is willing to sell a commodity and the actual price at which he sells it Price Discrimination is a pricing strategy that involves charging different prices for the same commodity from different consumers based on thier willingness to pay In case of perfect price discrimination the producer is perfectly    See Answer
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