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With perfect price discrimination ________, and production is expanded until marginal revenue equals

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With perfect price discrimination ________, and production is expanded until marginal revenue equals

With perfect price discrimination ________, and production is expanded until marginal revenue equals ________.
A) the firm's demand curve becomes its marginal revenue curve; marginal cost
B) the firm's demand curve becomes its marginal revenue curve; average total cost
C) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; marginal cost
D) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; average total cost
E) economic profit is maximized when the lowest price equals marginal cost; average total cost.

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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