One Necessary Condition for Effective Price Discrimination Is

question 45

Multiple Choice

One necessary condition for effective price discrimination is:

• A) identical tastes among buyers.
• B) difference in the price elasticity of demand among buyers.
• C) a single, homogeneous market.
• D) two or more markets with easy resale of products between them.

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Definitions:

Randomly Assigned

A research method where study participants are allocated to different groups on a chance basis, ensuring that each participant has an equal opportunity to be assigned to any given group.

Memory Encoding

The process by which perceived information is transformed and stored in the brain as memory, making it retrievable for future use.

Abnormal Psychology

The study of psychological disorders and abnormal behavior, focusing on understanding the nature, causes, and treatments of mental health issues.

Double-Blind

An experimental procedure in which neither the participants nor the experimenters know who is receiving the treatment versus the control, to prevent bias.