For price discrimination to exist, all of the following are necessary EXCEPT
A) a downward sloping demand curve.
B) an identifiable group of buyers with different elasticities of demand.
C) an upward sloping marginal cost curve.
D) there can be no resale of the product.
C
Economics
You might also like to view...
According to the BEA, in the second quarter of 2012 purchases of new residential structures rose by 8.9 percent. Using the expenditure approach, this change increases
A) gross private domestic investment. B) government expenditure on goods and services. C) net exports of goods and services. D) personal consumption expenditures.
Economics
If a country - during its entire history - has invested more in the rest of the world than the rest of the world has invested in it, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Economics