In Order for a Firm to Be Able to Price

question 100

True/False

In order for a firm to be able to price discriminate it must not be a price taker,there must be different demand from different groups of consumers,and there must be an ability to prevent resale.

---

Definitions:

Remedies

Legal means or actions through which a right is enforced or the violation of a right is compensated or prevented.

Vicarious Liability

A legal principle whereby an individual or entity is held responsible for the actions or omissions of another person, typically an employee, in the course of their employment.

Crime

An act or omission that violates a law which results in a legal penalty.

Tort

A wrongful act or infringement of a right leading to civil legal liability.