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First degree price discrimination.
In this case, IT allows for a market of one where highly personalized products are sold at high personalized prices.
Second degree price discrimination.
This refers to a situation where every seller is faced with the same menu of prices for a set of related products. The idea is that the sellers use their knowledge of the distribution of consumer tastes to come up with a product line that addresses all the different consumer market segments.
Third degree price discrimination
This is the selling of products at different prices to different groups.
Faimus answered the question on February 3, 2018 at 13:50
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