Which of the following is not a requirement for price discrimination?
A)The firm must be able to identify consumers who are willing to pay more for the product.
B)The firm must be able to prevent resale of the product.
C)There must be a downward-sloping demand curve for the product.
D)The firm must face different costs for the goods sold to different consumers.

Question

Quizplus · Accepted Answer

Price discrimination does not require the firm to face different costs for goods sold to different consumers; it requires the ability to charge different prices based on consumers' willingness to pay.

Which of the Following Is Not a Requirement for Price