Necessary conditions for price discrimination include:
a. identical tastes among buyers

b. differences in willingness to pay among customers.
c. easy resale.
d. both (b) and (c)

b

Economics

You might also like to view...

What factors determine the size of the price elasticity of demand?

What will be an ideal response?

View
Economics

A perfectly inelastic supply curve

a. cannot exist b. is horizontal c. has an elasticity of 0 d. has an elasticity of 1 e. is vertical

View
Economics