Which of the Following Is NOT Necessary for Price Discrimination

question 354

Multiple Choice

Which of the following is NOT necessary for price discrimination to occur?

• A) The firm must be able to separate the market into identifiable groups.
• B) The firm must be selling a durable good.
• C) The firm must have a downward sloping demand curve.
• D) The firm has to be able to prevent resale of the product or service.

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Definitions:

Major Bank Credit Cards

Credit cards that are widely accepted and issued by large, well-known banks, often featuring various benefits and rewards.

Maturity Date

The specific date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Note Receivable

A written promise that entitles the holder to receive a specified amount of money from another party on a specified date or on demand.

Pays in Full

Pays in full denotes the complete settlement of a debt or obligation, leaving no outstanding balance.