Which of the following is CORRECT about price discrimination? a. Price discrimination requires market power, and hence t

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answerhappygod
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Which of the following is CORRECT about price discrimination? a. Price discrimination requires market power, and hence t

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Which of the following is CORRECT about pricediscrimination?
a.
Price discrimination requires market power, and hence the firmhas to be the monopolist.
b.
Because price discrimination offers the firm more freedom toprice it output, profits under price discrimination cannot be lowerthan profits under single pricing.
c.
Price discrimination is anti-competitive and the CompetitionBureau considers it to be a criminal offense.
d.
All of the answers above are correct.
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