Which of the Following Is Not Necessary for Price Discrimination

question 2

Multiple Choice

Which of the following is not necessary for price discrimination to occur?

• A)a downward-sloping demand curve facing the firm
• B)control over price by the firm
• C)the firm can easily distinguish groups with different price elasticities
• D)the firm can easily prevent resale of the good by lower-price customers
• E)economies of scale exist

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Definitions:

Organ Reserve Power

The capacity of an organ to function beyond its normal requirements, allowing the body to cope with excess stress or demand.

Decade

A decade, defined as a span of ten years.

Average Age

A statistical measure that sums the ages of all individuals in a group and divides by the number of individuals to define the central age for that population.

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them.