Which of the Following Is Necessary for a Monopolist to Price

question 254

Multiple Choice

Which of the following is necessary for a monopolist to price discriminate between groups?

• A) The groups are identifiable.
• B) The groups have different willingness to pay.
• C) A customer from one group cannot resell to a customer in another group.
• D) All of the above conditions are necessary for the monopolist to price discriminate.

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Definitions:

Cognitive

Relating to the mental processes of perception, memory, judgment, and reasoning.

Psychosocial

Pertaining to the influence of social factors on an individual's mind or behavior, and the interrelation of behavioral and social factors.

Heredity

The genetic transmission of physical or mental traits from one generation to the next.

Biological Parents

The parents who have contributed their genetic material to the birth of a child, also known as birth parents.