Which of the Following Is NOT a Precondition for Price

question 221

Multiple Choice

Which of the following is NOT a precondition for price discrimination?

• A) The product cannot be resold to another customer.
• B) The price elasticities of demand are different for each group of consumers.
• C) The product is a durable good.
• D) The seller must have some market power.

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Definitions:

Angular Contact

Referring to a type of bearing designed to support combined radial and axial loads with contact angles.

Ratchet Wheels

Wheels equipped with teeth that lock into place with each motion in one direction, allowing controlled movement.

Transmit Motion

The process of conveying or transferring motion from one part of a mechanical system to another.

Abbreviation

A shortened form of a word or phrase used for convenience, clarity, or brevity in written and spoken communication.