Which of the Following Conditions Is Not Required for Price

question 37

Multiple Choice

Which of the following conditions is not required for price discrimination?

• A) Buyers with different elasticities must be physically separate from each other.
• 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:

Wheat Farmer

An individual or entity engaged in the cultivation of wheat as a commercial agricultural activity.

Weather

The state of the atmosphere at a particular place and time, encompassing conditions such as temperature, precipitation, and wind.

Quality

A measure of excellence or a state of being free from defects, deficiencies, and significant variations, brought by strict and consistent adherence to measurable and verifiable standards.

Bid-ask Spread

The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for an asset.