Which Condition Is NOT Necessary for Price Discrimination to Exist

question 218

Multiple Choice

Which condition is NOT necessary for price discrimination to exist?

• A) The demand curve must be downward sloping for the firm.
• B) The buyers must have different elasticities of demand.
• C) The firm must set different prices to reflect marginal cost.
• D) Resale of the product or service must be difficult.

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Definitions:

New Technology

Innovative or recently developed technological tools, systems, or methods.

Part-Time Work

Employment with fewer hours per week than a full-time position, allowing for flexibility or other commitments.

Involuntary Workers

Individuals who are employed against their will, often under threat of punishment or within coercive environments.

Suitable Full-Time Work

Employment that aligns with an individual’s skills, availability, and offers adequate compensation and working conditions.