In order for a firm to successfully carry out price discrimination, which of the following conditions must hold? I. The firm cannot face a downward sloping demand curve. II. The firm must have market power. III. Buyers with differing demand elasticities must be separable. IV. The firm must have motives beyond profit maximization. V. The firm must be able to prevent the re-sale of its products.
(A)I, III, and V only (B)III and IV only (C)I and IV only (D)II, III, and V only
D