Which of the Following Conditions Is NOT Necessary for a Firm

question 206

Multiple Choice

Which of the following conditions is NOT necessary for a firm to be able to engage in price discrimination? I. The firm must be able to produce to the point at which price equals marginal revenue.
II) The firm must easily be able to identify consumers with different demand elasticities.
III) The firm must be able to prevent resale of the item it produces and sells.

• A) I only
• B) III only
• C) Both I and II only
• D) Both II and III only

Identify techniques to mitigate issues and optimize the supply chain, including postponement and vendor-managed inventory.

Describe the components and management of supply chains.

Differentiate between various types of supply chain partnerships (e.g., keiretsu, joint ventures).

Evaluate the challenges of local optimization within supply chains.

---

Definitions:

Significance Level

A statistical measure that indicates the probability of a particular result occurring by chance, commonly used in hypothesis testing to determine if results are statistically significant.

Internal Validity

The extent to which a research study can demonstrate a causal relationship between variables, free from the influence of external factors.

External Validity

External validity refers to the extent to which the results of a study can be generalized or extended to other situations, people, settings, and measures.

Experimenter Effects

Effects produced or influenced by clues to the hypotheses under examination, inadvertently communicated by the experimenter.