All of these are true regarding price discrimination EXCEPT
A) market power must exist.
B) market segmentation should be evident.
C) the good can be resold easily.
D) consumers have different elasticities of demand for the good.

Question

Quizplus · Accepted Answer

Price discrimination requires that the seller can prevent or limit the resale of the good. If the good can be resold easily, it undermines the ability to price discriminate because buyers could purchase the good at a lower price and resell it to those facing a higher price.

All of These Are True Regarding Price Discrimination EXCEPT