Examlex
Which types of industries are hit hardest by a recession? Explain.
Peak-Load Pricing
A pricing strategy that involves charging higher prices during periods of high demand and lower prices during periods of lower demand.
Marginal Cost
The extra cost associated with producing a further unit of a product or service.
Market Output
The total quantity of a good or service produced and sold by firms in a particular market.
Intertemporal Price Discrimination
A pricing strategy where prices are varied over time for the same product to exploit differences in willingness to pay.
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