Which of the Following Is Not a Precondition for Price

question 204

Multiple Choice

Which of the following is not a precondition for price discrimination?

• A) The commodity involved must be a durable good.
• B) The good or service cannot be profitably resold by original buyers.
• C) The seller must be able to segment the market, that is, to distinguish buyers with different elasticities of demand.
• D) The seller must possess some degree of monopoly power.

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Definitions:

Depositor

An individual or entity that places money into a bank account for safekeeping.

Deposit

A sum of money placed in an account or given as security for a financial transaction or agreement.

Cutoff Hour

A specified deadline by which a certain action must be taken or completed.

UCC

The Uniform Commercial Code is an extensive compilation of laws that regulate commercial transactions throughout the United States.