Examlex
What are the two main explanations for the Asian financial crisis?
Network Effects
Increases in the value of a product to each user, including existing users, as the total number of users rises.
Price Discrimination
The strategy of selling the same product to different customers at different prices based on willingness to pay, rather than differences in production costs.
"Fair Return" Price
A price set at a level intended to allow a firm to cover its costs and earn a reasonable profit, often regulated in public utility sectors.
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