In this module, you’ve learned a lot about monopolies and how they impact prices. In many...

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In this module, you’ve learned a lot about monopolies and how they impact prices. In many...

In this module, you’ve learned a lot about monopolies and how they impact prices. In many industries, such as construction and home repairs, prices are set individually for each customer, rather than according to a posted price list.

Explain why such firms might be able to engage in price discrimination.
If you were hiring such a firm, what should you do to obtain the lowest possible price?

business economics

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