To Engage in Price Discrimination, It Is Necessary That

question 66

Multiple Choice

To engage in price discrimination, it is necessary that

• A)a seller be a price searcher.
• B)there be no arbitrage.
• C)a seller incur different costs for servicing different customers.
• D)a and b
• E)all of the above

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Definitions:

Electoral College

A body of electors established by the United States Constitution to elect the president and vice president of the country.

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

Ordinary Voters

Individuals without significant political influence or power who participate in elections to choose their government representatives.

Three-Fifths Clause

A compromise found in the U.S. Constitution stating that for purposes of representation in Congress, every five slaves would be counted as three individuals.