Which of the following is necessary for a firm to practice price discrimination? (A) The government strictly enforces antitrust laws. (B) The firm is a member of a cartel. (C) The firm can prevent resale of its goods. (D) The demand curve for the product is perfectly inelastic. (E) The demand curve for the product is perfectly elastic.

Which of the following is necessary for a firm to practice price discrimination? (A) The government strictly enforces antitrust laws. (B) The firm is a member of a cartel. (C) The firm can prevent resale of its goods. (D) The demand curve for the product is perfectly inelastic. (E) The demand curve for the product is perfectly elastic.

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

Chapter12: More Realistic And Complex Pricing

Section: Chapter Questions

Problem 8MC

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