Which of the Following Is Considered a Necessary Condition for Successful

Multiple Choice

Which of the following is considered a necessary condition for successful price discrimination?

A) A firm's customers must all have the same price elasticity of demand.
B) Firms are able to prevent resale among different groups of customers.
C) Firms must be able to determine each customer's maximum willingness to pay for the product in question.
D) Firms must operate in a perfectly competitive market.