Which of the Following Is NOT a Requirement for a Firm

question 228

Multiple Choice

Which of the following is NOT a requirement for a firm to be able to price discriminate?

• A) monopoly power
• B) groups of customers with different willingness to pay for the good
• C) economies of scale
• D) ability to keep the members of different customer groups separate
• E) ability to prevent resales of the product by customers

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Definitions:

Copyright Office

A government agency responsible for registering copyrights and managing copyright laws.

Tangible Form

Property or assets that have a physical presence and can be touched, as opposed to intangible assets like intellectual property.

Doctrine of Equivalents

A patent infringement theory that allows for a finding of infringement even if the infringing device or process does not literally infringe upon the patented invention.

Literal Infringement

A direct violation of the specific words or terms in a patent or copyright, without consideration for any underlying intention or interpretation.