Which of the Following Is Not a Necessary Condition for Price

question 127

Multiple Choice

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

• A)The seller must be a price searcher.
• B)The seller must be able to distinguish between customers willing to pay different prices.
• C)It must cost the seller more to service some customers than others.
• D)Reselling the product must be extremely costly or must not be possible

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Resources

The total means available for economic and political development, such as minerals, labor force, and finances.

Fully Employs

A state of the economy in which all available labor resources are being used in the most efficient way.

Infeasible Outcomes

Scenarios or solutions that cannot be effectively implemented or realized due to practical limitations or constraints.