Which of the following is NOT a condition needed for price discrimination? Select one: a. The company has market power in its product market. b. The company can keep customers from reselling the product after they have purchased it. c. The company has a perfectly elastic demand curve. d. The company knows how much different customers are willing to pay for the product

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter14: Indirect Price Discrimination
Section: Chapter Questions
Problem 2MC
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Which of the following is NOT a condition needed for price discrimination?
Select one:
a. The company has market power in its product market.
b. The company can keep customers from reselling the product after they have purchased it.
c. The company has a perfectly elastic demand curve.
d. The company knows how much different customers are willing to pay for the product
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