Price Discrimination Is Prevented in Situations Where

question 5

Multiple Choice

Price discrimination is prevented in situations where

• A) customers can resell the good.
• B) firms have monopolies.
• C) there are legal barriers to entry.
• D) there are no close substitutes for the good or service.
• E) customers have different willingnesses to pay for the good.

Recognize contracts implied in law and the concept of quasi-contracts.

Understand different types of obligations and contracts, including quasi-contractual obligations.

Comprehend the doctrine of promissory estoppel and its application to enforce non-contractual promises based on reliance.

Identify and explain the essential elements required for the formation of a valid contract.

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Definitions:

Cyclic Hydrocarbons

Hydrocarbon compounds that contain one or more rings of carbon atoms in their structure, including aromatic and non-aromatic forms.

Alternating Bonds

Alternating bonds refer to a pattern where single and double bonds alternate within a chemical structure, often seen in conjugated systems.

Non-aromatic

Compounds that do not fulfill the criteria for aromaticity, lacking a conjugated system of pi electrons in a ring structure.

Benzylic Hydrogens

Hydrogen atoms attached to the carbon atom that is directly connected to a benzene ring, often more reactive in chemical reactions.