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.

---

Definitions:

Face-Saving

Actions or strategies aimed at preserving one's dignity or reputation in the face of potential embarrassment or shame.

In-Group

A social group to which an individual identifies as being a member, often characterized by a sense of belonging and identity.

Individualism

An ideology supporting the precedence of individual liberties over centralized authority or societal regulation.

Power Distance Cultures

Refers to cultures that accept and expect that power is distributed unequally among individuals.