Which of the Following Is Not Necessary in Order for a Firm

question 4

Multiple Choice

Which of the following is not necessary in order for a firm to engage in price discrimination?

• A)The producer must face an inelastic demand curve.
• B)The producer must face a downward-sloping demand curve.
• C)There must be at least two identifiable classes of consumers with different price elasticities of demand.
• D)The producer must be able, at little cost, to distinguish between the different classes of buyers.
• E)It must be impossible for one buyer to resell to another.

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Definitions:

Employee Focus

The priority and attention an organization places on the welfare, engagement, and productivity of its employees.

Functional Design

The aspect of design focused on the practical and operational use of a product, ensuring it performs its intended function efficiently.

Employee Understanding

The extent to which employees comprehend their job roles, organizational objectives, and the expectations placed upon them.

Direct Contact

Interaction between individuals or entities without intermediaries, allowing for immediate communication or transfer of substances or forces.