One of the Necessary Conditions for Price Discrimination to Occur

question 143

Multiple Choice

One of the necessary conditions for price discrimination to occur is that:

• A) buyers in different markets have different elasticities of demand.
• B) the demand curve is upward sloping.
• C) buyers must be allowed to resell the good at a higher price elsewhere.
• D) all of the above are necessary for price discrimination to occur.

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Definitions:

Halo Error

A cognitive bias in performance evaluations where one positive quality of an individual disproportionately influences the overall perception of their performance.

360 Degree Assessment

A performance appraisal method that involves feedback from all directions, including self-evaluation, peers, subordinates, and supervisors.

Performance Appraisal

The process of evaluating an employee's performance at work, typically to guide decisions on promotions, pay raises, and training needs.

Behaviorally Anchored Rating Scale

A method for evaluating employee performance based on specific behavioral examples that represent different levels of achievement.