If the own price elasticity of demand for a firm's product is the same across all consumers, it is not possible for the firm to practice third- degree price discrimination.

Question

Quizplus · Accepted Answer

Third-degree price discrimination requires that the elasticity of demand varies among different groups of consumers, so if the elasticity is the same for all consumers, the firm cannot engage in this type of discrimination.

If the Own Price Elasticity of Demand for a Firm's