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In the real world: A) price discrimination has only been observed where monopolies are present B)...

In the real world:

A) price discrimination has only been observed where monopolies are present

B) businesses can easily identify different groups' willingness to pay, so price discrimination is prevalent in every market

C) perfect price discrimination is impossible

D) price discrimination is practiced less today than it was in the mid-1900s

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Answer #1

"C"

In the perfect market perfect price discrimination is impossible because it is impossible to know the exact willingness to pay of the consumer. The answer is "C".

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