For a Monopolist to Practise Price Discrimination, One Necessary Condition

question 83

Multiple Choice

For a monopolist to practise price discrimination, one necessary condition is that the product offered for sale must be:

• A) high quality.
• B) expensive.
• C) cheap.
• D) impossible or difficult to resell.

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Definitions:

Job Descriptions

Written statements that outline the duties, responsibilities, qualifications, and conditions of a specific job position.

Interviews

Structured conversations where one party asks questions to gather information from another party, commonly used in job selection processes.

Trends in Job Analysis

Evolving methods and approaches in determining the duties, responsibilities, and skills required for a job, reflecting changes in technology and work processes.

Outdated Descriptions

References or explanations that are no longer accurate due to changes in knowledge, technology, or cultural perceptions.