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Which of the Following Conditions Is NOT Necessary for a Firm

question 206

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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.


Definitions:

Channels

Mediums or pathways through which communication or information is transmitted.

Communication Skills

The abilities used to convey information, thoughts, and feelings effectively through verbal and non-verbal means.

Leadership

The process of influencing others to achieve goals through verbal and nonverbal messages.

Nonverbal

Relating to communication that occurs through means other than words, including gestures, facial expressions, and body language.

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