Which of the following is not a necessary condition for effective price discrimination?
A) The seller must be able to separate buyers based on their elasticities.
B) The seller must not be a price taker.
C) Consumers must not be able to resell the products to other consumers.
D) Consumers must tell the seller how much they are willing to pay for the product.

Question

Quizplus · Accepted Answer

For effective price discrimination, the seller must be able to separate buyers based on their elasticities, must not be a price taker, and consumers must not be able to resell the products to other consumers. However, consumers do not need to tell the seller how much they are willing to pay for the product. The seller can infer this information based on the buyer's willingness to purchase at different prices.

Which of the Following Is Not a Necessary Condition for Effective