Which of the Following Is Not a Condition of Price

question 24

Multiple Choice

Which of the following is not a condition of price discrimination?

• A)The seller must be a price searcher.
• B)The seller must be able to distinguish among customers who would be willing to pay different prices.
• C)The possibility of arbitrage must not exist.
• D)The seller must have zero fixed costs.
• E)The seller must exercise some control over price.

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Definitions:

Pre-Injury Waiver

A pre-injury waiver is a legal agreement where a participant in an activity agrees to waive their right to sue the provider for any injuries that might occur, effectively absolving the provider of liability.

Summary Judgment

A legal determination made by a court without a full trial, granted when one party's evidence clearly shows there is no factual dispute, thereby avoiding the need for a trial.

Intoxicated Parties

Individuals under the influence of alcohol or drugs, particularly in legal contexts where their capacity to consent or make decisions is questioned.

Mental Incapacity

A condition where an individual is unable to understand the nature and consequences of decisions, thereby lacking the ability to make sound decisions, often considered in legal contexts regarding contracts and consent.