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.

---

Definitions:

Empirical Evidence

Information acquired by observation or experimentation, used to validate or refute a hypothesis or theory.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, considered a major contributor to climate change.

Sea Levels

The average height of the ocean's surface between the high and low tide, used as a standard in measuring land elevation and ocean depth.

Global Warming

The long-term rise in Earth’s average temperature, largely attributed to human activities, especially the emission of greenhouse gases.