Problem
1. What are the differences among first-degree, second degree, and third-degree price discrimination?
2. With first-degree price discrimination, why is the marginal revenue curve the same as the demand curve?
3. How large will the deadweight loss be if a profit maximizing firm engages in perfect first-degree price discrimination?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.