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Dynamic pricing software powered by artificial intelligence for revenue management applications in cFigure 9.3 The Perceived Demand Curve for a Perfect Competitor and a Monopolist (a) A perfectly competitive firm perceives the demand curve that it faces to be flat. The flat shape means that the firm can sell either a low quantity (Ql) or a high quantity (Qh) at exactly the same price (P). (b) A monopolist perceives the demand curve that it faces to be the …1. Perfect Price Discrimination: in this strategy, firms charge exactly each consumers' reservation prices (their maximum willingness to pay) for their products. 2. Consumer Self-Selection: in this case, being unable to determine the exact reservation price of the consumers, firms let consumers select different, predetermined levels ofDiscover videos related to perfectprice on TikTok.Slauson, Bob Barker and several others are interviewed or appear in footage in the documentary. 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