To Be Able to Price Discriminate,a Firm Must

question 239

Multiple Choice

To be able to price discriminate,a firm must

• A) lower prices for all customers.
• B) raise prices for all customers.
• C) be able to identify and separate different types of buyers.
• D) sell a product that can be resold.
• E) Both answers B and C are correct.

---

Definitions:

Otoliths

Small calcified structures found in the inner ears of vertebrates, important for balance and hearing.

Rod Photoreceptors

Cells in the retina of the eye responsible for vision in low light conditions.

Rhodopsin

Light-absorbing molecule in rod cells and cone cells that contains a pigment and the protein opsin.

Light Ray

A line or path along which light energy travels in a straight line, used to model the direction and behavior of light.