Which of the Following Is a Necessary Condition for Price

question 172

Multiple Choice

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

• A) All consumers must have an identical demand for the product.
• B) Groups of consumers with different demand elasticities must be easily distinguishable.
• C) The market demand for the product must be highly elastic.
• D) It must be possible for buyers to resell the product at a low cost.

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Definitions:

Parkinson's Disease

A progressive neurological disorder characterized by motor symptoms such as tremors, stiffness, slowness of movement, and postural instability.

Forebrain

the anterior part of the brain, including the cerebral hemispheres, thalamus, and hypothalamus, responsible for sensory and associative functions.

Midbrain

A part of the brain located between the forebrain and the hindbrain, involved in functions such as vision, hearing, motor control, and alertness.

Hindbrain

The posterior part of the brain that includes the cerebellum and brainstem, responsible for regulating basic life functions.