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One Necessary Condition for Effective Price Discrimination Is

question 45

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One necessary condition for effective price discrimination is:


Definitions:

Cell Phone Plan

A contract offered by telecom companies that includes a combination of voice, message, and data services for mobile phones.

Minutes

A unit of time equal to one-sixtieth of an hour, or 60 seconds.

Unlimited Calling

A telecommunications plan that allows for unlimited voice calls within a predetermined range, typically domestically, without incurring additional fees.

Meter Reader

A person employed by utility companies to read the amount of gas, water, or electricity consumed by households or businesses.

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