-Refer to Figure 9-15. What is the price charged under perfect price discrimination? A) P₃ B) P₄ C) a range of prices corresponding to the demand curve from P₃ and above D) a range of prices corresponding to the demand curve from P₄ and above

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Perfect price discrimination means that the seller charges each consumer the maximum price that they are willing to pay. This is represented by the demand curve, which shows the relationship between the price of a good and the quantity demanded. The price charged under perfect price discrimination will be the highest price that each consumer is willing to pay, which is represented by the point where the demand curve intersects the vertical axis. In Figure 9-15, this point is P3.