Identify the necessary conditions for price discrimination:
(A) There should be imperfect competition in markets
(B) Markets must be separable
(C) Differentiated products and interdependence between firms
(D) Elasticity of demand must be different in different markets
Choose the most appropriate answer from the options given below:
1
(A), (B) and (C) only
2
(A), (C) and (D) only
3
(B), (C) and (D) only
4
(A), (B) and (D) only