Successful Price Discrimination Cannot Take Place If

question 166

Multiple Choice

Successful price discrimination cannot take place if

• A)the market is perfectly competitive.
• B)the market can be segmented into different buyer groups.
• C)customers are not able to resell the product.
• D)the demand curve facing the firm is downward sloping.

---

Definitions:

Accrued Salaries Expense

Refers to the salaries that have been incurred by the business but have not yet been paid or recorded in the financial statements.

Completed-Contract Method

An accounting method used where revenue and profit are deferred until a contract is completed, particularly useful in long-term projects.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts proportionally to the amount of work completed.

Extractive Industry

Industries involved in the extraction of natural resources from the earth, such as mining, drilling for oil, or logging.