Price Discrimination Is Prevented in Situations Where

question 5

Multiple Choice

Price discrimination is prevented in situations where

• A) customers can resell the good.
• B) firms have monopolies.
• C) there are legal barriers to entry.
• D) there are no close substitutes for the good or service.
• E) customers have different willingnesses to pay for the good.

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and can help people understand the difference between right and wrong.

Permissiveness

Characterized by or allowing considerable freedom of behavior, a lenient approach to discipline or rules.

Inconsistency

The state of being incoherent or not staying the same throughout, often leading to unpredictability or confusion.

Rigidity

The lack of flexibility or the unwillingness to adapt or change one's beliefs, methods, or approaches.