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:

Hygiene Hypothesis

The theory that a lack of early childhood exposure to infectious agents, symbiotic microorganisms, and parasites increases susceptibility to allergic diseases by suppressing natural development of the immune system.

Cesarean Delivery

A surgical procedure used to deliver a baby through incisions in the abdomen and uterus, often used when a vaginal delivery would put the baby or mother at risk.

Childhood Asthma

A chronic inflammatory condition of the airways in children, characterized by recurring episodes of wheezing, coughing, and difficulty breathing.

Hygiene Hypothesis

A theory suggesting that a lack of early childhood exposure to infectious agents, symbiotic microorganisms (such as those found in the gut), and parasites increases susceptibility to allergic diseases by suppressing the natural development of the immune system.