Which of the Following Is a Necessary Condition for Price

question 172

Multiple Choice

Which of the following is a necessary condition for price discrimination to be profitable?

• A) All consumers must have an identical demand for the product.
• B) Groups of consumers with different demand elasticities must be easily distinguishable.
• C) The market demand for the product must be highly elastic.
• D) It must be possible for buyers to resell the product at a low cost.

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Definitions:

Duty Not To Treat

An ethical principle in healthcare that suggests under certain circumstances, healthcare providers might be justified in refusing treatment.

Engelhardt

Refers to H. Tristram Engelhardt, Jr., a prominent figure in the field of bioethics known for his work on moral theory and the philosophy of medicine.

Passive Euthanasia

Allowing a person to die by withholding or withdrawing life-sustaining treatments, rather than actively causing death.

Active Euthanasia

The deliberate action taken to end the life of a patient suffering from an incurable and painful condition at their request.