A Necessary Condition for Successful Price Discrimination Is

question 62

Multiple Choice

A necessary condition for successful price discrimination is

• A)The seller must possess market power.
• B)The buyer must possess market power.
• C)Transactions costs must be zero.
• D)Buyers must have identical inelastic demands.

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Definitions:

Clarification

The process of clarifying a statement or situation to make it easier to understand.

Explicit

Something stated clearly and in detail, leaving no room for confusion or doubt.

Helper

Someone who provides assistance or support to others, often in contexts of care, support services, or informal helping relationships.

Kinesics

The study of body motion or body behavior as a form of nonverbal communication, including gestures, posture, and facial expressions.