In Order for Price Discrimination to Be Successful

question 78

Multiple Choice

In order for price discrimination to be successful,

• A) there must be a strong case for arbitrage.
• B) national markets must be kept separate.
• C) demand must be very elastic.
• D) a large change in demand must be triggered by a small change in price.

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Definitions:

Low-Income Families

Households that earn significantly less than the average income, often leading to limited access to resources and opportunities.

High-Income Families

Households with a financial income significantly above the average for a given society.

Millennial

A person born between the early 1980s and late 1990s; also refers to the generation with birth years in this range.

Smartphone

A Smartphone is a mobile phone with advanced features, including internet access, touch screen interface, and numerous applications.