Examlex

Solved

Which of the Following Are Necessary Condition(s)for Successful Price Discrimination

question 48

Multiple Choice

Which of the following are necessary condition(s) for successful price discrimination?
a) zero transaction cost
b) a perfectly competitive market structure
c) an imperfectly competitive market structure
d) at least two different markets with different price elasticities of demand
e) at least two different markets with different price elasticities of supply


Definitions:

Rice

A staple food grain consumed by a large portion of the world's population, particularly in Asia.

Resource Endowments

The natural resources, labor force, and capital that a country possesses, which can affect its economic development.

Crude Oil

Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source and raw material for various products.

Diamonds

Valuable gemstones that are often used in jewelry and have significant industrial applications due to their hardness.

Related Questions