All of the Following Conditions,except One,must Exist in Order for a Firm

question 194

Multiple Choice

All of the following conditions,except one,must exist in order for a firm to successfully practice price discrimination.Which is the exception?

• A)The firm must be a price taker.
• B)The firm must be able to identify which customers are willing to pay more.
• C)The firm must be able to prevent the resale of its output by low-price customers to high-price customers.
• D)The firm must be able to charge higher prices to some customers without losing their business.
• E)The firm must be a price setter.

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Definitions:

Sustainable Value Innovation

Creating value through innovations that not only benefit the company but also address societal needs and challenges, particularly in sustainability.

Differential Value

The unique added value of a product or service that sets it apart from competitors' offerings in the eyes of the customer.

Environmental Impact

The effect that human activities have on the environment, including natural resources, wildlife, and ecosystem health.

Environmentally Friendly Products

Goods and services designed to inflect minimal or no harm on the environment, often using sustainable resources, processes, or technologies.