A Necessary Condition for a Monopolist to Successfully Practice Ordinary

question 9

Multiple Choice

A necessary condition for a monopolist to successfully practice ordinary price discrimination is the:

• A)identification of buyers' reservation prices in all isolated markets.
• B)ability to segment its total market.
• C)identification of different price elasticities for each buyer.
• D)existence of profitable arbitrage between markets.

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Definitions:

Epithelial

Pertaining to the epithelium, a layer of cells covering the body surfaces, lining cavities and organs, and forming glands.

Connective

Tissue in the body that supports, binds together, or separates other tissues or organs.

Nerve

A bundle of fibers composed of neurons through which electrical impulses are transmitted across the body.

Muscle

tissues in the body that have the ability to contract, causing movement of body parts and organs.