First-degree Price Discrimination Output unit Sell the y'th unit for sp(y). Later on p(y'A sell the y th unit for Sp(y") p(y") Mc(y) ply yy yFirst-degree Price Discrimination p(y) y $/output unit MC(y) y p(y) y p(y) Sell the th unit for $ Later on sell the th unit for $ y p(y). y p(y)