Describe the different price strategies. Discuss when a firm would employ first, second, or third-degree...
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Accounting
Describe the different price strategies. Discuss when a firm would employ first, second, or third-degree price discrimination. Provide an example of a first degree, second degree, third degree, and an advanced pricing strategy. Also talk about the pros and cons to different pricing strategies (for example complex, hard to implement, amount of producer surplus generated).
PLEASE BE DETAILED AND PROVIDE CLEAR EXAMPLES. THANK YOU!
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