Which of the Following Conditions Is a Requirement for Price

question 65

Multiple Choice

Which of the following conditions is a requirement for price discrimination?

• A) There is no reselling allowed in the market.
• B) People have homogenous preferences.
• C) Firms face different costs of production.
• D) There are multiple firms in the market.
• E) There is only one firm in the market.

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Definitions:

Subgroups

Distinctive smaller groups within a larger group or organization, often characterized by shared interests or traits.

Subjective Approach

An approach where the decision maker looks at the scores received by the various applicants on predictors, subjectively evaluates all of the information, and comes to an overall judgment.

Clinical Approach

A methodology in healthcare and psychology that involves direct observation, treatment, and interaction with clients or patients in a therapeutic or medical context.

Multiple Hurdle Approach

A selection process where candidates must pass through several distinct rounds of assessment before being considered for a position.