Which of the Following Is a Necessary Condition for Perfect

question 71

Multiple Choice

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

• A) The firm must have very good information about its customers.
• B) The firm can only have one market.
• C) The demand curve for the product must be inelastic.
• D) The firm must have no competition.

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Definitions:

Negative Reinforcement

A behavioral strategy involving the removal of an unpleasant stimulus to increase the likelihood of a desired behavior being repeated.

Demoted

The act of lowering someone's rank, status, or position, often as a result of performance evaluation or organizational restructuring.

Extinction

The process by which a species, breed, or family of organisms becomes permanently incapable of reproducing and therefore dies out.

Employee Behavior

Refers to the actions and conduct of individuals in a workplace environment.