Which of the Following Is Not a Requirement for a Successful

question 114

Multiple Choice

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

• A)A firm must have the ability to charge a price greater than marginal cost.
• B)Some consumers must have a greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.
• C)The firm must be able to prevent arbitrage.
• D)Transactions costs must be the same for all consumers.

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Definitions:

Substantive Representation

The concept that elected representatives should act in the interests of and advocate for the policies preferred by their constituents, particularly minority groups.

Nonwhite Representatives

Individuals in positions of authority or governance who identify with racial or ethnic groups other than white, reflecting diversity in representation.

Nonwhite Citizens

Individuals who are citizens of a country but do not identify as or are not classified as white.

Hispanic Voters

Individuals of Hispanic or Latino descent who participate in the electoral process, contributing to political decision-making and representation.