5. Which of the following must have occurred for a customer to successfully allege price discrimination?

Select all that apply:

A. At least two actual sales must have been completed with different prices.
B. The sales must have been between two competing customers.
C. The sales must have occurred in the same state.
D. The products must be of like grade and quality.

After selecting all that apply, click "SUBMIT."

Question

08-07-2024
Business

Answered

5. Which of the following must have occurred for a customer to successfully allege price discrimination?

Select all that apply:

A. At least two actual sales must have been completed with different prices.
B. The sales must have been between two competing customers.
C. The sales must have occurred in the same state.
D. The products must be of like grade and quality.

After selecting all that apply, click "SUBMIT."

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-08T14:39:30-04:00

Final answer:

Price discrimination involves selling identical goods or services at different prices. To successfully allege price discrimination, specific criteria must be met, including completing sales with different prices and offering products of like grade and quality.

Explanation:

Price discrimination occurs when identical goods or services are sold at different prices from the same provider. To successfully allege price discrimination, at least two actual sales must have been completed with different prices and the products must be of like grade and quality. Additionally, the firm must meet specific criteria such as having market power, recognizing differences in demand, and being able to prevent arbitration.

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