Which Conditions Must Hold If a Firm Is to Engage

question 18

Multiple Choice

Which conditions must hold if a firm is to engage in price discrimination?

• A) It must be extremely difficult, if not impossible, for one consumer to resell a product to another.
• B) Firms must have a sufficiently low amount of market power.
• C) Consumers must have very similar preferences for the product.
• D) all of the above

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Definitions:

Hospitality

The friendly and generous reception and entertainment of guests, visitors, or strangers.

Unconscious Bias

Prejudices or unsupported judgments in favor of or against one thing, person, or group as compared to another, in a way that is usually considered unfair.

Valuing Diversity

The practice of recognizing and respecting differences in people, including those related to culture, race, gender, and more, to foster an inclusive environment.

Inclusion

The practice of ensuring all individuals, regardless of their differences, have equal opportunities and are fully integrated into a group, organization, or society.