If a Firm Wishes to Engage in Price Discrimination,which of the Following

Multiple Choice

If a firm wishes to engage in price discrimination,which of the following conditions must be met?

A) The demand curve must be horizontal.
B) It must be possible to prevent resale of the good from low-paying to high-paying customers.
C) The supply curve must be horizontal.
D) Many identical firms in the market must each have a small share of total industry output.
E) Price must be less than marginal cost.