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25-01-2020
Business

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When a firm charges each customer the maximum price that the customer is willing to pay, the firm:_______.a) charges the average reservation price.b) engages in first-degree price discrimination.c) engages in second-degree price discrimination.d) engages in a discrete pricing strategy.

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ameduanne ameduanne

25-01-2020

The Answer is: A. engages in first-degree price discrimination.

Explanation: First degree happens when a business charges the maximum possible price for each unit of goods consumed.

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