Which of the Following Is Not a Necessary Condition for Price

question 127

Multiple Choice

Which of the following is not a necessary condition for price discrimination to hold?

• A)The seller must be a price searcher.
• B)The seller must be able to distinguish between customers willing to pay different prices.
• C)It must cost the seller more to service some customers than others.
• D)Reselling the product must be extremely costly or must not be possible

Recognize the impact of external factors like technology and labor laws on international business.

Understand the concept of differential revenue and cost in financial decision-making.

Comprehend the definitions and applications of sunk cost and opportunity cost.

Recognize the legal and ethical considerations in pricing, including the Robinson-Patman Act.

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Definitions:

Financial Account

A component of the balance of payments that records transactions that cause a change in ownership of financial assets and liabilities between residents and non-residents.

Balance Surplus

The amount by which income exceeds expenditures in a budget, or the excess of receipts over payments in an account.

Balance Deficit

A financial situation where expenditures exceed revenue over a specific period, often used in the context of government budgets.

Current Account Items

Transactions that involve the trade of goods and services, income from foreign investments minus payments made to other countries, and cash transfers, within a country's balance of payments.