Which of the following are essential for perfect price discrimination?
A)the ability to prevent the resale of the product
B)knowledge of every customer's income
C)knowledge of the supply curve.
D)approval from the regulator.

Question

Quizplus · Accepted Answer

In order for perfect price discrimination to occur, the seller must be able to prevent the resale of the product. This allows the seller to charge each customer the maximum price they are willing to pay without the risk of the customer reselling the product to someone else. Knowledge of every customer's income and the supply curve may be helpful, but they are not essential for perfect price discrimination. Approval from the regulator is not necessary for price discrimination, although it may be required for certain industries or markets.

Which of the Following Are Essential for Perfect Price Discrimination