Which of the following statements about price discrimination is correct?
a. Successful price discrimination will provide the firm with lower total profits than if it did not discriminate.
b. Successful price discrimination will provide the firm with more total profits than if it did not discriminate.
c. Successful price discrimination will generally result in a lower level of output than would be the case under a single-price pure monopoly.
d. Successful price discrimination occurs when there are differences in the costs of producing for different groups of buyers.
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