Which of the Following Is NOT Necessary for Price Discrimination

question 354

Multiple Choice

Which of the following is NOT necessary for price discrimination to occur?

• A) The firm must be able to separate the market into identifiable groups.
• B) The firm must be selling a durable good.
• C) The firm must have a downward sloping demand curve.
• D) The firm has to be able to prevent resale of the product or service.

Analyze how market prices influence production decisions in purely competitive markets.

Determine the conditions under which a purely competitive seller should produce or shut down in the short run.

Calculate economic profit or loss based on cost data and market prices.

Understand the law of diminishing returns and its impact on marginal cost.

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Arising suddenly and unexpectedly, requiring immediate attention.