Which of the Following Is NOT a Condition for Price

question 294

Multiple Choice

Which of the following is NOT a condition for price discrimination to exist?

• A) downward sloping demand curve faced by the firm
• B) identification of buyers with differing elasticities
• C) unpatented product or the service
• D) ability to prevent the resale of the product or service

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Definitions:

Employer's Liability

The legal responsibility of employers to compensate employees for injuries or damages incurred in the course of employment.

Respondeat Superior

A legal principle that assigns legal liability to an employer or principal for the misconduct of an employee or agent when those actions are carried out in the course of their employment or representation.

Vicarious Liability

Legal responsibility assigned to an individual or entity for the actions of another, based on a particular relationship, such as employer-employee.

Ratification Manifest

The overt expression or demonstration of approval or confirmation of an act or agreement, often legally required for ratification.