In Order for Price Discrimination to Be Successful

question 78

Multiple Choice

In order for price discrimination to be successful,

• A) there must be a strong case for arbitrage.
• B) national markets must be kept separate.
• C) demand must be very elastic.
• D) a large change in demand must be triggered by a small change in price.

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Definitions:

Resource Allocator

A role in management that involves deciding how to distribute resources effectively to achieve specific goals and objectives.

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on financial risks in the quest for profit.

Monitor

To monitor is to regularly observe and check the progress or quality of something over a period of time, often to detect changes or to ensure that it is in a satisfactory condition.

Leader

An individual who guides or directs a group towards achieving specific goals or objectives, often exhibiting qualities such as vision, initiative, and inspiration.