Which of the Following Is NOT Necessary for a Firm

question 379

Multiple Choice

Which of the following is NOT necessary for a firm to engage in price discrimination?

• A) The firm must be able to identify different types of buyers.
• B) The firm must be able to separate buyers by preventing resales from one customer to another.
• C) The firm must produce output for different buyers at different costs.
• D) The firm must sell a product that cannot be resold.

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Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude towards others.

Extreme Introversion

describes an individual with a very high preference for solitude and activities that do not involve social interaction.

Personality Inventory

A questionnaire designed to reveal aspects of an individual’s character or psychological makeup.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders published by the American Psychiatric Association.