Which of the Following Is a Necessary Condition for Price

question 172

Multiple Choice

Which of the following is a necessary condition for price discrimination to be profitable?

• A) All consumers must have an identical demand for the product.
• B) Groups of consumers with different demand elasticities must be easily distinguishable.
• C) The market demand for the product must be highly elastic.
• D) It must be possible for buyers to resell the product at a low cost.

---

Definitions:

Nonlawyer Assistants

Individuals without a legal degree who assist lawyers in their work, performing tasks like research, paperwork, and client communication under the supervision of a licensed attorney.

Lawyers' Duty

A lawyer's duty includes obligations to represent clients competently, act within the bounds of the law, maintain client confidentiality, and prioritize the client's best interests.

Ethical Rule

A principle that guides professional conduct by defining acceptable and unacceptable behavior.

Adequate Supervision

Sufficient oversight and direction provided by someone in a position of authority to ensure safety and compliance with rules or standards.