Which of the following is NOT a condition for price discrimination to exist?
A) downward sloping demand curve faced by the firm
B) identification of buyers with differing elasticities
C) unpatented product or the service
D) ability to prevent the resale of the product or service

Question

Quizplus · Accepted Answer

The existence of a patented product or service may actually facilitate price discrimination as the firm can prevent others from producing and selling a similar product or service. Therefore, the lack of a patent does not necessarily impede price discrimination.

Which of the Following Is NOT a Condition for Price