Which condition is necessary for a firm to successfully implement price discrimination? A. The ability to segment the market into different groups based on elasticity of demand B. A perfectly competitive market structure C. Identical products across all segments of the market D. Perfect information among consumers about prices

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Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.