Which of the following conditions is a requirement for price discrimination?
A) There is no reselling allowed in the market.
B) People have homogenous preferences.
C) Firms face different costs of production.
D) There are multiple firms in the market.
E) There is only one firm in the market.

Question

Quizplus · Accepted Answer

For price discrimination to be effective, reselling must be prevented to ensure that consumers cannot buy at a lower price and sell at a higher price.

Which of the Following Conditions Is a Requirement for Price