Which of the following conditions would prevent price discrimination?
a. an economic profit
b. a monopoly market structure
c. profit maximization
d. the inability to identify those customers willing to pay more
e. the ability to prevent low-price customers from reselling to high-price customers
D
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Of the four factors that influence asset demand, which factor will cause the demand for all assets to increase when it increases, everything else held constant?
A) wealth B) expected returns C) risk D) liquidity
If the Fed injects reserves into the banking system and they are held as excess reserves, then the money supply
A) increases by only the initial increase in reserves. B) increases by only one-half the initial increase in reserves. C) increases by a multiple of the initial increase in reserves. D) does not change.
Total surplus:
A. can never be zero.
B. can never fall below zero.
C. is always above zero.
D. is less than the consumer surplus.
Which of the following is true of a monopoly? a. The price charged by a monopoly is lower than that in other markets. b. New firms can enter a monopoly
c. A monopolist is a price setter. d. Substitutes are available for a monopolist's products.