A perfect hurdle is one that
A) more-or-less separates buyers by their reservation prices.
B) precisely separates buyers by their reservation prices and imposes large costs on those who jump.
C) precisely separates buyers by their reservation prices and imposes no costs on those who jump.
D) precisely separates buyers by their incomes.
E) precisely separates buyers by their willingness to jump.

Question

Quizplus · Accepted Answer

A perfect hurdle is designed to separate buyers based on their reservation prices without imposing additional costs, allowing for efficient price discrimination.

A Perfect Hurdle Is One That