Which of the Following Is Not a Condition Required for a Monopolist

question 227

Multiple Choice

Which of the following is not a condition required for a monopolist to price discriminate?

• A)the demand curve facing the firm must be downward-sloping
• B)the firm must exhibit strong economies of scale
• C)there must be different groups of buyers with different price elasticities of demand
• D)the firm must be able to prevent reselling of the product
• E)the firm must have some market power

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Definitions:

Task-Oriented Behaviors

Actions focused on completing specific tasks or achieving certain goals within an organization or team setting.

Relations-Oriented Behaviors

Actions focused on building and maintaining positive interpersonal relationships within an organization.

Criteria Used

The standards or benchmarks employed to evaluate or judge something.

Relations-Oriented Behavior

Leadership behavior characterized by focusing on the development and management of interpersonal relationships within the team or organization.