Which of the Following Is Not a Requirement for a Successful

question 114

Multiple Choice

Which of the following is not a requirement for a successful price discrimination strategy?

• A)A firm must have the ability to charge a price greater than marginal cost.
• B)Some consumers must have a greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.
• C)The firm must be able to prevent arbitrage.
• D)Transactions costs must be the same for all consumers.

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Definitions:

Personal Accomplishments

Achievements attained by an individual through personal effort, skill, or talent reflecting personal success.

Climate

The long-term patterns of temperature, humidity, wind, etc., in a particular area.

Sexual Arousal

Refers to the physiological and psychological state of being awakened to sexual desire and readiness for sexual activity.

Subjective Well-Being

An individual's self-assessed happiness and satisfaction with life, combining emotional reactions and cognitive judgments.