Which of the Following Is a Necessary Condition for Successful

question 78

Multiple Choice

Which of the following is a necessary condition for successful price discrimination?

• A) The seller must possess market power.
• B) The buyer must possess market power.
• C) Transaction costs must be zero.
• D) Buyers must have identical inelastic demands.

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Definitions:

Permit

To allow or authorize something; also refers to a document that grants official permission for a specific action or event.

Refusing Requests

involves declining someone's ask or demand politely and professionally, often with explanations or alternatives.

Fair And Reasonable Explanation

A justification or reasoning that is impartial, just, and in accordance with logic or common sense.

Indirect Claim Message

A communication method used in business or professional settings to address a complaint or claim in a non-confrontational manner, often beginning with neutral or positive statements.