Which of the Following Is Not a Requirement for a Successful

question 114

Multiple Choice

Which of the following is not a requirement for a successful price discrimination strategy?

• A)A firm must have the ability to charge a price greater than marginal cost.
• B)Some consumers must have a greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.
• C)The firm must be able to prevent arbitrage.
• D)Transactions costs must be the same for all consumers.

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Definitions:

Reduction

The process of decreasing or making something smaller in size, amount, or degree.

Dorsiflexion

The action of raising the foot upwards towards the shin, decreasing the angle between the foot and shin.

Protraction

The movement of a body part forward, away from the midline of the body.

Tubercle

A small rounded projection or nodule, often part of a bone or organ, or referring to a lesion seen in tuberculosis.