Which of the Following Conditions Is Not Necessary for a Firm

question 4

Multiple Choice

Which of the following conditions is not necessary for a firm to be able to engage in price discrimination? I. The firm must be able to produce to the point at which price equals marginal revenue.
II) The firm must easily be able to identify consumers with different demand elasticities.
III) The firm must be able to prevent resale of the item it produces and sells.

• A) I only
• B) III only
• C) Both I and II only
• D) Both II and III only

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Definitions:

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Individuals or entities directly responsible for a tortious act or violation, distinguished from secondary parties who may also bear liability.

Appointed By President

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Securities Act

A U.S. law enacted in 1933 that requires that investors receive financial and other significant information concerning securities being offered for public sale.

Financial Instruments

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