What is incentive compatibility why is it necessary for an
1. Contrast direct price discrimination and indirect price discrimination.
2. What is incentive compatibility? Why is it necessary for an indirect price discrimination strategy to be incentive compatible?
3. Provide an example of product versioning.
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1 contrast direct price discrimination and indirect price discrimination2 what is incentive compatibility why is it
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1 what are the two requirements of price discrimination2 why is producer surplus maximized under perfect price
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