Price discrimination will occur whenever a firm faces an upward-sloping demand curve.

Name: Price discrimination will occur whenever a firm faces an upward-sloping demand curve.
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Question

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Price discrimination occurs when a firm sells the same product at different prices to different buyers, not necessarily related to the slope of the demand curve, but rather to the firm's ability to segment markets and differences in price elasticity of demand among consumers.

Price Discrimination Will Occur Whenever a Firm Faces an Upward-Sloping