Which of the Following Conditions Is Not Required for Price

question 37

Multiple Choice

Which of the following conditions is not required for price discrimination?

• A) Buyers with different elasticities must be physically separate from each other.
• B) The good or service cannot be profitably resold by original buyers.
• C) The seller must be able to segment the market, that is, to distinguish buyers with different elasticities of demand.
• D) The seller must possess some degree of monopoly power.

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Definitions:

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Refers to the process of giving one or more reasons in support of a claim.

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The process of evaluating an argument by examining its structure, validity, and logical coherence.

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The process of representing or outlining the relationship between elements in a space or concept.

Implicit Assumption

An underlying premise that is taken for granted or understood without being explicitly stated.