To Successfully Practice Price Discrimination

question 10

Multiple Choice

To successfully practice price discrimination

• A)the firm must be a pure monopoly
• B)the firm must possess market power
• C)it must be difficult for consumers in one market to sell to consumers in the other market
• D)both a and c
• E)both b and c

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Definitions:

Country

A distinct geographic territory with its own government, recognized as a sovereign state.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty.

Cultural Preference

The tendency of individuals or groups to favor certain beliefs, practices, or items because of cultural backgrounds.

Structured Situations

Scenarios or environments where the procedures, rules, and objectives are clearly defined and organized.