Which of the Following Is NOT a Necessary Condition for a Firm

question 223

Multiple Choice

Which of the following is NOT a necessary condition for a firm to price discriminate?

• A) The firm must be able to separate markets.
• B) Buyers in different markets must have different elasticities of demand.
• C) Resale of the product must be preventable.
• D) The firm must be a price-taker.

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Definitions:

Standard Form

A specific, organized way of presenting information or arguments, often used in mathematics, philosophy, and logic.

Proposition

A statement that expresses a judgement or opinion and can be either true or false.

Hypothetical Syllogism

A logical argument composed of two conditional statements and a conclusion, based upon hypothetical scenarios.

Denying

The act of declaring something to be untrue or rejecting the validity of a claim.