Which of the Following Is Necessary for a Firm to Ensure

question 17

Multiple Choice

Which of the following is necessary for a firm to ensure profitable price discrimination?

• A)The firm must sell a standardized product.
• B)The firm must be able to keep its national markets separate.
• C)The firm must encourage other firms and competitors to engage in arbitration.
• D)Products sold by the firm must have same price elasticities of demand in different countries.
• E)Products must be sold in countries where a small change in prices produces a large change in demand.

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Definitions:

Core Aspects

The fundamental elements or characteristics that define something's essence or most important features.

Making A Sale

The process of persuading a potential customer to buy a product or service, culminating in the exchange of goods or services for money or its equivalent.

Potential Buyer's Interest

The likelihood or degree of interest that potential customers may have in purchasing a product or service.

Buyer's Belief

The perceptions and assumptions that consumers hold about a product, service, or brand, influencing their purchasing decisions.