Successful price discrimination cannot take place if
A) customers are not able to resell the product.
B) the market is perfectly competitive.
C) the demand curve facing the firm is downward sloping.
D) the market can be segmented into different buyer groups.
B
Economics
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The marginal product and average product curves
A) never intersect. B) intersect at the maximum point of the marginal product curve. C) intersect at the maximum point of the average product curve. D) do not intersect at any predictable point.
Economics
Establishing different prices for similar products to reflect differences in marginal cost in providing those goods to different groups of buyers is
A) price discrimination. B) cost-plus pricing. C) price differentiation. D) product differentiation.
Economics