Which of the Following Is NOT a Condition for a Firm

question 57

Multiple Choice

Which of the following is NOT a condition for a firm to engage in price discrimination?

• A) Consumers are partitioned into two or more types, with one type having a more elastic demand than the other.
• B) The firm has a means of identifying consumer types.
• C) The consumers are sincere in revealing their true natures.
• D) There is no resale market for the good.

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Definitions:

Citizen Participation

The involvement of individuals in political, economic, and social decisions that affect their lives.

Citizenship

Citizenship is the status of being a legally recognized subject or national of a state, with associated rights and obligations.

Political Community

A group of people with a collective identity based on shared government, political institutions, or beliefs.

Naturalization Laws

Regulations governing the process through which a foreign citizen or national can acquire citizenship or nationality in another country after fulfilling specific requirements.