One of the necessary conditions for price discrimination to occur is that: a. Buyers in different markets

Question:

One of the necessary conditions for price discrimination to occur is that:

a. Buyers in different markets have different elasticities of demand.

b. The demand curve is upward sloping.

c. Buyers must be allowed to resell the good at a higher price elsewhere.

d. All of the above are necessary for price discrimination to occur.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

See More Books

Question Posted: Dec 29, 2023 07:49 AM

See More Questions

Consider the equation 3 - cot = 0. Find all the values of in the interval [0,2] that satisfy the equation. Note: Write the exact answer but not the approximate value (For example write or 4/5 but not...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
a) How much would you have to invest at 6% p.a. on January 1, 2004, in order to accumulate $1791 on January 1, 2010. b) What is the present worth on January 1, 2003 of $1263 on January 1, 2010, if...
A rectangular dam 30 m wide supports a body of water to a height of 25 m. (a) Neglecting atmospheric pressure, find the total force due to water pressure acting on a thin strip of the dam of height...
Jane Williams and Y. Osaka formed a partnership in which the partnership agreement provided for salary allowances of $40,000 and $60,000, respectively. Determine the division of a $20,000 net loss...
Construct a short rate lattice for periods (years) 0 through 9 with an initial rate of $6 \%$ and with successive rates determined by a multiplicative factor of either $u=1.2$ or $d=9$. Assign...
Twenty liters of liquid n-propyl benzoate (C6H5CO2C3H7, SG = 1021) and 15 liters of liquid benzene are mixed and heated from 25C to 75C. Calculate the required heat input (kJ), using Kopps rule when...
Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE?
The part shown is loaded at point C with 300 N in the positive x direction and at point E with 200 N in the positive y direction. The diameter of the bar ABD is 12 mm. Evaluate the likelihood of...
A monopoly: a. Faces the market demand curve that is downward sloping. b. Has a marginal revenue curve that slopes downward and lies below its demand curve. c. Will maximize profits by producing an...
Why does a monopolist produce less and charge a higher price compared to a competitive market?
Why is a gain or a loss not recorded in the income statement when a company reacquires its shares and buys them back for an amount that is different from their average cost?
Lile, an insurance broker who handled all insurance for Tempo Co., purchased a fire policy from Insurance Company insuring Tempo Co.s factory against fire in the amount of $$750,000.$ Before the...
In the past, asteroids striking the earth have produced disastrous results. If we discovered an asteroid on a collision course with the earth, we could, in principle, deflect it and avoid an impact...
Joe Brown gave $$350,000$ to his wife, Mary, with which to buy real property. They orally agreed that title to the real property should be taken in the name of Mary Brown but that she should hold...
On January 14, 2012, Eura Mae Redmon deeded land to her daughter, Melba Taylor, and two sons, W. C. Sewell and Billy Sewell, jointly and severally, and unto their heirs, assigns and successors...
Mr. Sewall left his car in a parking lot owned by Fitz-Inn Auto Parks, Inc. The lot was approximately one hundred by two hundred feet in size and had a chain link fence along the rear boundary to...
A study was made to compare the costs of supporting a family of four Americans for a year in different foreign cities. The lifestyle of living in the United States on an annual income of $75,000 was...
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
Is a full-line pricing policy available only to producers? Cite local examples of full-line pricing. Why is full-line pricing important?
This problem lets you see the dynamics of break-even analysis. The starting values (costs, revenues, etc.) for this problem are from the break-even analysis example in this chapter (see Exhibit...
Give an example of how a firm has used information technology to improve its marketing implementation and do a better job of meeting your needs.
List five keys to building powerful listening skills and explain why they lead to improved listening effectiveness.
In a couple of paragraphs, identify two interpersonal situations in which you communicate competently (effective and appropriate), and two in which you feel that your competence is less than...
Northern Metal Manufacturing (NMM), your company, has four manufacturing plants. Sales have been poor lately due to the weak economy that has resulted from the COVID-19 pandemic. Your manager, Marcia...

One of the necessary conditions for price discrimination to occur is that: a. Buyers in different markets

Question:

Step by Step Answer:

a Buyers in d...View the full answer

Survey Of Economics

Students also viewed these Business questions