Which of the following is not a characteristic of a successful price discriminator?
A)It has monopoly power.
B)It can prevent the resale of the product.
C)Its marginal costs of production differ across customers.
D)Willingness to pay for its product differs across customers.

Question

Quizplus · Accepted Answer

Successful price discrimination does not require differing marginal costs of production across customers; it requires the ability to charge different prices based on customers' willingness to pay.

Which of the Following Is Not a Characteristic of a Successful