Which of the following is NOT a requirement for a firm to be able to price discriminate?
A) monopoly power
B) groups of customers with different willingness to pay for the good
C) economies of scale
D) ability to keep the members of different customer groups separate
E) ability to prevent resales of the product by customers
C
Economics
You might also like to view...
Commercial banks do NOT
A) buy U.S. government Treasury bills. B) accept deposits from their customers. C) make loans to creditworthy individuals and businesses. D) determine what assets are money.
Economics
When making decisions on pricing and other behaviors, oligopolistic firms must take into account the actions of other firms
a. True b. False Indicate whether the statement is true or false
Economics