Economy, asked by nemhanghal5934, 2 months ago

Why is discrimination not possible under perfect market conditions

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Answered by mayankdaiya23

0

Answer:

Answer: A Price-Setting Firm The firm must have some degree of monopoly power—it must be a price setter. A price-taking firm can only take the market price as given—it is not in a position to make price choices of any kind. Thus, firms in perfectly competitive markets will not engage in price discrimination.

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