Which of the Following Is Needed for Successful Price Discrimination

question 14

Multiple Choice

Which of the following is needed for successful price discrimination?

• A)The firm must have a high market share.
• B)The firm must have more than one product line.
• C)The firm must be able to engage in arbitrage.
• D)The firm must have some consumers whose demand is relatively price inelastic.

---

Definitions:

Dispositional Attribution

A decision by an observer to attribute a behavior to the internal state(s) of the person who performed it rather than to factors in that person’s environment.

Internal Locus

An individual's belief that they can control their life events and outcomes, as opposed to external forces having that control.

External Locus

The belief that external forces or situations beyond one's own control dictate the outcomes of one's actions.

Lower Status

The ranking or position that is considered inferior or less prestigious within a social or organizational hierarchy.