Which of the Following Must a Firm Be Able to Do

question 358

Multiple Choice

Which of the following must a firm be able to do to successfully price discriminate?
i.divide buyers into different groups according to their willingness to pay
ii.prevent resale of the good or service
iii.identify into which group (high willingness to pay or low willingness to pay) a buyer falls

• A) ii only
• B) i and ii
• C) i and iii
• D) iii only
• E) i, ii, and iii

---

Definitions:

Harmful Effect

An adverse outcome or damage resulting from an action, condition, or substance on health, well-being, or the environment.

Embryonic Stage

A critical phase in development, starting from fertilization through the 8th week, where the basic structures and organs of an organism begin to form.

Heart, Spine, Brain

Key components of the human body where the heart circulates blood, the spine supports and protects the central nervous system, and the brain serves as the center of the nervous system, controlling thoughts, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Placental Stage

The final stage of childbirth in which the placenta is expelled from the uterus after the baby is born.