Which of the Following Conditions Is Not Required for Price

question 248

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:

Neutrons

Subatomic particles found within the nucleus of an atom, having no electric charge and a mass slightly larger than that of protons.

Atomic Number

The number of protons in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Mass Number

The total number of protons and neutrons in the nucleus of an atom, representing the atom's mass.

Electronegativity

A chemical property that describes the tendency of an atom to attract a shared pair of electrons towards itself in a covalent bond.