Which of the Following Is a Necessary Condition for Price

question 44

Multiple Choice

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

• A) The seller must be able to divide the markets according to the different price elasticities of demand.
• B) It must be difficult for one buyer to resell to another buyer.
• C) Both a and b.
• D) Neither a nor b.

Understand the fiduciary duties and powers of a trustee, including the prohibition of self-dealing.

Analyze the impact of the testator's competency on the validity of a will.

Identify the financial responsibilities and entitlements of life tenants in trust administration.

Recognize different types of wills and their unique characteristics and requirements.

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Definitions:

Portfolio

A collection of investments held by an individual or institution, which may include stocks, bonds, real estate, and other financial assets.

Indifference Curves

Graphical representations in economics showing different bundles of goods between which a consumer is indifferent, reflecting preferences of equal utility.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford to purchase with a given budget, at given prices.

Risk Averse

Describes individuals or entities that prefer to avoid risk, often opting for safer investments even with potentially lower returns.