In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)?
a. Markets must be segmentable, identifying differences in ability-to-pay.
b. Demand for services must be relatively price elastic.
c. Profitable service expansion opportunities must be limited.
d. Customers cannot know that different prices are being charged.
e. The provider must have excess capacity to accommodate the extra business.
a. Markets must be segmentable, identifying differences in ability-to-pay.
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When logging in the Pacific Northwest destroys forests that hikers would have used for eco-tourism, the destruction of the trails is an example of
A) an external cost. B) a private cost. C) a government cost. D) an external benefit. E) None of the above answers is correct.
The true causal effect might not be the same in the population studied and the population of interest because
A) of differences in characteristics of the population B) of geographical differences C) the study is out of date D) all of the above