Which of the following conditions is not required for price discrimination?
A. The seller must possess some degree of monopoly power.
B. Buyers with different elasticities must be physically separate from each other.
C. The good or service cannot be resold by original buyers.
D. The seller must be able to distinguish buyers with different elasticities of demand.
Answer: B
You might also like to view...
The behavior of investment and real GDP in the United States after the 1990s
A) is not consistent with the two-period model with production. B) is consistent with the effects of an increase in the government deficit in the two-period model with production. C) is consistent with the effects of an increase in optimism about future total factor productivity in the two-period model with production. D) is consistent with the effects of a decrease in the government deficit in the two-period model with production.
How does fairness differ from equality?
Indirect taxes are levied on specific economic activities.
Answer the following statement true (T) or false (F)
When the ________ decreases, then potential output decreases.
A. short-run aggregate supply B. short-run aggregate demand C. long-run aggregate demand D. long-run aggregate supply