What three conditions must hold for a firm to successfully price discriminate?

What will be an ideal response?

Successful price discrimination has three requirements:
1. A firm must possess market power.
2. Some consumers must have a greater willingness to pay for the product than others; the firm must know the prices consumers are willing to pay.
3. The firm must be able to segment the market so consumers who buy at a low price cannot resell at a higher price.

Economics

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Aggregate output is increased by a decrease in

A) autonomous consumption. B) government spending. C) planned investment. D) net taxes.

Economics

Refer to the information above. The official unemployment rate is

A) .1. B) .2. C) .33. D) .4. E) .66.

Economics