If a firm wants to charge different customers different prices:
A) the firm must be a price taker.
B) firm must be in perfect competition.
C) firm must be a price setter.
D) A and B must be true.

Question

Quizplus · Accepted Answer

If a firm wants to charge different customers different prices, it must be a price setter. In perfect competition, all firms are price takers and must accept the market price. So, option B is not correct. Therefore, the correct answer is C.

If a Firm Wants to Charge Different Customers Different Prices