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Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.
Raw Materials
Basic substances or components that are used in the production of goods or finished products.
Price Discrimination
The practice of selling the same product to different customers at different prices, typically based on factors like quantity purchased, customer demographic, or market location.
Robinson-Patman Act
A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination among different purchasers of the same product, when the effect may harm competition.
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