Which of the Statements About Price Discrimination Is (Are)false

question 2

Multiple Choice

Which of the statements about price discrimination is (are) false?

• A) It must be possible to segment the market.
• B) It must be difficult to transfer the seller's product from one market segment to another.
• C) Public utilities practice first-degree price discrimination.
• D) There must be differences in the elasticity of demand from one segment to another.
• E) c and d

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Definitions:

Interdependent Firms

Companies whose outcomes or performances are mutually influenced by each other's decisions and actions in the market.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices and profits.

Decision Making

The cognitive process leading to the selection of a course of action among multiple alternatives, fundamental in business and personal contexts.

Interdependent

A relationship between entities or individuals where each is mutually reliant on the other, making their outcomes closely connected.