When We Say That Firms Must Be Price Makers in Order

question 140

Multiple Choice

When we say that firms must be price makers in order to practice price discrimination,it means that this activity cannot occur with

• A) competitive firms.
• B) monopolists.
• C) monopolistic competitors.
• D) relatively elastic demand.
• E) indistinguishable buyers.

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Definitions:

Antagonist

Antagonist is a term used in various contexts to denote a force or character that opposes someone or something else, or in pharmacology, a substance that inhibits or blocks physiological actions.

Resting Potential

The electrical potential of a neuron when it is not actively transmitting a signal, serving as the baseline state of the neuron.

Negatively Charged

Refers to an object or particle that has more electrons than protons, giving it an excess of negative electric charge.

Right Hemisphere

Refers to the right half of the human brain, which is often associated with spatial abilities, face recognition, visual imagery, and processing music.