Which of the following conditions is not required for price discrimination?
A. Buyers with different elasticities must be physically separate from each other.
B. The good or service cannot be profitably resold by original buyers.
C. The seller must be able to segment the market, that is, to distinguish buyers with different
elasticities of demand.
D. The seller must possess some degree of monopoly power.
Answer: A
Economics
You might also like to view...
Refer to Figure 9.2. A movement from point d to point c could be caused by a(n)
A) increase in government spending. B) increase in the price of oil. C) increase in taxes. D) increase in short-run aggregate supply.
Economics
"Partial" crowding out of fiscal policy occurs when the
A) LM curve is horizontal. B) LM curve is upward-sloping. C) LM curve is vertical. D) IS curve is vertical.
Economics