Firms that engage in first-degree price discrimination charge different prices to customers ________.
A. depending on the quantity of the good or service they buy
B. depending on a defining characteristic that makes it easy to distinguish groups of people
C. based on the elasticity of the group of people
D. based on their willingness and ability to pay for the good or service
Answer: D
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a. True b. False Indicate whether the statement is true or false