Which of the Following Is Not a Necessary Condition for Price

question 11

Multiple Choice

Which of the following is not a necessary condition for price discrimination?

• A)The firm must be a price maker.
• B)The firm must be able to distinguish between customers.
• C)The firm must be able to prevent resale between customers.
• D)The firm must be able to product homogenous products.
• E)The firm must be facing a downward-sloping demand curve.

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Definitions:

Job Benefit

Advantages or perks offered by employers to employees, beyond wages or salaries, such as health insurance, retirement plans, or paid time off.

Quid Pro Quo

A Latin phrase meaning "something for something," which refers to a mutual agreement where a service or good is exchanged for another service or good of equivalent value.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace, or academic environment.

Promotion

The act of raising someone to a higher position or rank within an organization.