Which of the Following Is a Necessary Condition for Price

question 44

Multiple Choice

Which of the following is a necessary condition for price discrimination?

• A) The seller must be able to divide the markets according to the different price elasticities of demand.
• B) It must be difficult for one buyer to resell to another buyer.
• C) Both a and b.
• D) Neither a nor b.

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Definitions:

Physical Dependence

A physiological state of adaptation to a substance, resulting in withdrawal symptoms when that substance is reduced or stopped.

Nucleus Accumbens

A region in the brain involved in the reward circuit, associated with pleasure, reinforcement learning, addiction, and fear.

Reward Pathway

A neural pathway in the brain that is activated by rewarding stimuli, playing a critical role in the reinforcement and motivation processes.

Hippocampus

A region of the brain that is associated with memory formation, organization, and storage.