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Price discrimination occurs when

a. the supply of the product is elastic.

b. a product's average cost is greater than its average revenue.

c. a product's average cost is less than its average revenue.

d. differences in a product's price reflect differences in marginal costs.

e. differences in a product's price do not reflect differences in the costs of production.

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Divya Singh
Divya SinghLv10
8 Jan 2021
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