Which of the Following Is NOT a Requirement for a Firm

question 228

Multiple Choice

Which of the following is NOT a requirement for a firm to be able to price discriminate?

• A) monopoly power
• B) groups of customers with different willingness to pay for the good
• C) economies of scale
• D) ability to keep the members of different customer groups separate
• E) ability to prevent resales of the product by customers

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Definitions:

Human Capital Theory

A concept in economics that views employees' skills and knowledge as a form of capital that can be invested in for returns.

Generic Human Capital

Skills and knowledge that are not specific to a particular job or company but can be applied broadly across various industries and roles.

Firm-specific Human Capital

The unique skills and knowledge that employees develop, which are valuable and applicable specifically to the organization they work for.

External Human Capital Supply

The availability of potential employees outside the organization qualified to fill job vacancies or meet workforce requirements.