Classify the statements below as either true or false.?
Classify the statements below as either true or false:
1) Airlines are often able to practice price discrimination.
2) Perfect price discrimination occurs when perfectly competitive firms charge different prices to different customers.
3) Price discrimination only occurs in natural monopolies.
4) Price discrimination is illegal under all circumstances.
5) Firms lack the incentive to price discriminate because it results in some groups paying lower prices than others.
6) All else being equal, single-price monopolists earn lower profits than firms that can price discriminate.
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