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Which of the following are necessary condition(s) for successful price discrimination? a. zero transaction cost
B. a perfectly competitive market structure
C. an imperfectly competitive market structure
D. at least two different markets with different price elasticities of demand
E. at least two different markets with different price elasticities of supply
CPI (Consumer Price Index)
An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Real Wages
Wages that have been adjusted for inflation, reflecting the actual purchasing power of the income earned from work.
Base Year
The base year is a specific point in time used as a reference or benchmark for economic or financial calculations, such as index numbers and inflation measurements.
Percentage Changed
A measure that calculates the degree of change over time, indicating growth or decline in specific variables.
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