Which of the Following Is NOT a Condition for Price

question 294

Multiple Choice

Which of the following is NOT a condition for price discrimination to exist?

• A) downward sloping demand curve faced by the firm
• B) identification of buyers with differing elasticities
• C) unpatented product or the service
• D) ability to prevent the resale of the product or service

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Definitions:

Visual-Form Agnosia

A brain disorder where the person cannot identify objects even though their vision is intact.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Lateral Geniculate Nucleus

A part of the thalamus in the brain responsible for processing and relaying visual information from the retina to the visual cortex.

Corpus Callosum

A large band of neural fibers that connects the left and right cerebral hemispheres, facilitating inter-hemispheric communication.