The Main Reason Firms Cannot Price Discriminate Under Perfect Competition

question 122

Multiple Choice

The main reason firms cannot price discriminate under perfect competition is because

• A) firms are price takers and cannot set prices for their goods.
• B) firms cannot identify different kinds of consumers perfectly.
• C) some goods are being resold in the market.
• D) there is a lot of heterogeneity among consumers' tastes.
• E) all firms share the same production technology.

---

Definitions:

Pelvic Viscera

Internal organs located within the pelvic cavity, including the bladder, rectum, and for females, the uterus and ovaries.

Urination

The process of excreting urine from the urinary bladder through the urethra to the external urinary orifice, regulated by voluntary and involuntary muscle controls.

Erection

The process by which erectile tissue becomes enlarged and firm, typically in response to sexual excitement.

Vertebral Spinous

Referring to the spinous process, which is a bony projection off the posterior (back) part of each vertebra in the spine, serving for muscle attachment and leverage.