Asked by Isabella Huynh on May 14, 2024
Verified
The market structure in which price discrimination CANNOT occur is:
A) perfect competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information, leading to firms being price takers.
- Distinguish among market structures through their capacity to engage in price discrimination.
Verified Answer
Learning Objectives
- Distinguish among market structures through their capacity to engage in price discrimination.
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