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3 Cards in this Set
- Front
- Back
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What is first degree price discrimination? |
Different people have to pay a different price for the same good or service. Higher income charged more. |
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What is second degree price discrimination? |
Price varies depending on the number of products bought. Bulk buying. |
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What is third degree discrimination? |
Different groups of people are charged different prices for the same good or service. Eg. Peak time train tickets. |
