Which of the following is NOT one of the conditions a business must meet to price discriminate?
A)The product is identical across all producers.
B)The product cannot be resold.
C)The company knows how much different customers value the product.
D)The company has market power.

Question

Quizplus · Accepted Answer

The first condition listed, that the product must be identical across all producers, is not one of the conditions for price discrimination. The other three conditions listed are necessary for a business to engage in price discrimination.

Which of the Following Is NOT One of the Conditions