Which of the Following Is Not a Necessary Condition for Effective

question 45

Multiple Choice

Which of the following is not a necessary condition for effective price discrimination?

• A) The firm must face a downward-sloping demand curve.
• B) There must be at least two distinguishable groups of consumers.
• C) The producer must be a pure monopolist.
• D) The seller must be able to prohibit buyers from easily reselling the product to other potential buyers.

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Definitions:

Conflicts of Interest

Situations where individuals' personal interests might compromise their decision-making or duties.

Ethical Dilemmas

Situations in which a person must choose between two or more conflicting moral principles, making it challenging to decide the right course of action.

Bribe or Kickback

Illegal or unethical payments made to secure advantage or favour in a commercial or official transaction.

Ethical Dilemma

A situation where making a decision involves a conflict between moral imperatives, where to obey one would result in transgressing another.