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In order for a price-discrimination scheme to be effective at boosting profit, the seller must...

A- Have market power

B- Prevent resale

C- Restrict Resale

D- Be a monopolist

E- Be selling a necessity

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Jarrod Robel
Jarrod RobelLv2
6 Sep 2018
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Related questions

One necessary condition for effective price discrimination is:

a. identical tastes among buyers 

b. a difference in the price elasticity of demand among buyers 

c. a single homogeneous market 

d. two or more markets with easy resale of products between them 

1- To invoke implied warranty of merchantability in a sales or lease contract, the:
a. buyer should prove that he or she is a merchant.
b. purchaser must have purchased or leased the good from a merchant.
c. goods purchased or leased should be worth $5,000 or more.
d. seller should have transferred a void title to the buyer.

2- When the buyer in a sales contract is in breach, sellers are allowed to sell the goods to another buyer or dispose of the goods under the Uniform Commercial Code (UCC). Which of the following is true of the liability of the buyer under these circumstances?
a. UCC allows the seller to recover only the incidental damages.
b. UCC allows the seller to recover the difference between the resale price and the contract price, minus the profits the seller makes from the resale.
c. UCC allows the seller to claim the difference between the original contract price and the profits made through resale.
d. UCC allows the seller to recover the difference between the resale price and the contract price, plus incidental damages and minus expenses saved.

In order to price discriminate, a firm must:

A) Have different marginal costs for serving different customers.

B) Produce a product that is a close substitute for products of other firms.

C) Sell to customers with identical price elasticities of demand.

D) Be able to prevent resale of its product.

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