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13 January, 11:46

A price-discriminating firm charges the lowest price to the group that

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  1. 13 January, 15:44
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    Answer: price-discriminating firms charge more price from the group that has less price elasticity of demand than the group that has more elastic demand

    Explanation:

    Means, the group that does not decrease their demand as the price goes up. Price discriminating firms charge more price from such groups. Let me explain more that what price discriminating firms are.

    These are the firms that charge different prices for similar and identical good from different groups.
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