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Coltonht Coltonht
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5 years ago
Which of the following is not a requirement for a successful price discrimination strategy?

• A firm must have market power.

• The firm must be able to prevent consumers who buy a product at a low price from reselling it to other consumers at a high price.

• Managers must practice yield management.

• Some consumers must have greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.
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Microeconomics

Microeconomics


Edition: 7th
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#1
5 years ago
Managers must practice yield management.
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