Necessary Conditions for Price Discrimination Include

question 168

Multiple Choice

Necessary conditions for price discrimination include:

• A) identical tastes among buyers.
• B) differences in willingness to pay among customers.
• C) easy resale.
• D) both (b) and (c)

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Definitions:

Ramses II

A prominent pharaoh of Egypt's Nineteenth Dynasty, renowned for his architectural achievements and military victories, ruling from 1279-1213 BCE.

Amarna Period

A phase in ancient Egyptian history during the reign of Pharaoh Akhenaten, characterized by significant religious and artistic shifts, notably the worship of the sun disk, Aten.

Conservative

A political and social philosophy promoting traditional values and institutions, typically resistant to rapid change.

Formulaic

Pertaining to or based on a formula; following a fixed and conventional method or style, especially in art, literature, or music.