Which of the following is necessary for a firm to practice price discrimination? Group of answer choices a. The firm is a member of a cartel. b. The demand curve for the product is perfectly inelastic. c. The firm can prevent resale of its goods. d. The government strictly enforces antitrust laws. e. The demand curve for the product is perfectly elastic.
Which of the following is necessary for a firm to practice price discrimination? Group of answer choices a. The firm is a member of a cartel. b. The demand curve for the product is perfectly inelastic. c. The firm can prevent resale of its goods. d. The government strictly enforces antitrust laws. e. The demand curve for the product is perfectly elastic.
Chapter23: Profit Maximization
Section: Chapter Questions
Problem 9E
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Question
Which of the following is necessary for a firm to practice price discrimination ?
Group of answer choices
a. The firm is a member of a cartel.
b. The demand curve for the product is perfectly inelastic.
c. The firm can prevent resale of its goods.
d. The government strictly enforces antitrust laws.
e. The demand curve for the product is perfectly elastic.
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