Which of the Following Is Not a Necessary Characteristic of a Successful

question 103

Multiple Choice

Which of the following is not a necessary characteristic of a successful price discriminator?

• A) It has market power.
• B) It can prevent the resale of the product.
• C) Its marginal costs of production differ across customers.
• D) Willingness to pay for its product differs across customers.

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Definitions:

Disasters

Sudden, catastrophic events that cause significant damage, disruption, and possibly loss of life, affecting societies and environments.

Sensation Seekers

Individuals who have a strong preference for novel, complex, and intense experiences and sensations, often willing to take physical, social, legal, and financial risks for such experiences.

Yerkes-Dodson Law

A theory suggesting that there is an optimal level of arousal for the best performance on a task: too little or too much arousal can decrease performance.

Drive-Reduction Theory

A theory of motivation suggesting that biological needs create internal states of tension or drives, which organisms are motivated to reduce.