The necessary condition for price discrimination .

Question

Which of the following is not a requirement for a successful price discrimination strategy? A. A firm must have market power B. The firm must be able to prevent consumers who buy a product at a low price from reselling it to other consumers at a high price. C. Some consumers must have greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay D. The good must be a very expensive good

Answer 1

Question

Chapter 9, Problem 17SQ

To determine

The necessary condition for price discrimination.

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