Third Degree Price Discrimination

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Firms that charge different prices to different consumers based on the consumer group's price elasticity of demand are practicing third degree price discrimination, a very common practice among firms with market power. This lesson introduces and provides a graphical analysis of third degree price discrimination • Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

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