Price discrimination can only be successfully implemented if firms have complete control over the market and consumers cannot resell the product. True or False?

The statement is true. Price discrimination happens when a company charges different prices to different customers for the same product, and it works best when the company has significant control over the market. This control allows the firm to set prices based on what different customers are willing to pay. If consumers could resell the product, they might buy it at a lower price and sell it to others, which would undermine the company’s pricing strategy. For example, if a movie theater charges different prices for children, adults, and seniors, it can do this effectively only if those tickets cannot be resold.