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:

Personal Sense

An individual's awareness and insight into their own identity, feelings, and thoughts.

Authenticity

The quality of being genuine or true to one's own personality, spirit, or character, often considered vital in personal development and psychological well-being.

Technology Skills

The abilities and knowledge required to use digital tools and devices effectively, such as computers, software applications, and the internet.

Self-Concept

An individual's perception of self, including attributes, who and what the self is.