Which of the Following Is Not a Requirement for Price

question 83

Multiple Choice

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

• A)The firm must be able to identify consumers who are willing to pay more for the product.
• B)The firm must be able to prevent resale of the product.
• C)There must be a downward-sloping demand curve for the product.
• D)The firm must face different costs for the goods sold to different consumers.

---

Definitions:

Pure Food and Drug Act

A 1906 U.S. law aimed at regulating the production and sale of food and medicine, marking the beginning of federal consumer protection in the United States.

Federal Government

The national government of a federated state, responsible for the country's political authority and realization of its laws.

Corporate World

A term referring to the business sector, encompassing companies, corporations, and their activities, cultures, and influence in the economy.

Progressive Era's Reform Measures

A period of widespread social activism and political reform across the United States, from the 1890s to the 1920s, aimed at addressing issues caused by industrialization, urbanization, immigration, and corruption.