What Three Conditions Must Be Met in Order for a Firm

question 57

Essay

What three conditions must be met in order for a firm to be able to price discriminate?

---

Definitions:

Cue

A signal or stimulus that prompts an individual to take action or which influences their behavior in a particular way.

Stimulus

Any event or situation that evokes a response or reaction, in psychology often referred to in the context of stimulus-response theory.

PIPEDA

Stands for Personal Information Protection and Electronic Documents Act, a Canadian law governing data privacy for private sector personal information.

Suppliers

Businesses or individuals providing goods or services to other entities under agreed-upon terms.