Which of the Following Is a Necessary Condition for Price

question 208

Multiple Choice

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

• A) All consumers must have identical preferences.
• B) It must be easy to distinguish consumer groups with differing responses to higher prices.
• C) The seller must face a horizontal demand curve for its product in at least one part of the market.
• D) Both b and c are correct.

---

Definitions:

Coach

A person who trains and directs athletes or teams, or provides guidance and support in other areas like personal development.

Good Friend

A person who provides support, companionship, and trustworthiness, making a positive impact on one's life.

Adjudication

A formal judgment or decision made by an official authority, especially in a legal context.

Collaboratively

Working together in cooperation with others to achieve a common goal or task.