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In May 2017, after 11 months on a new job, Ken is fired after he assaults a customer. Ken must include in his gross income for 2017 any deduction for moving expenses he may have claimed on his 2016 tax return.
Robinson-Patman Act
A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like location, age, or purchase quantity.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
Intermediate Product
A product that is a result of a process but is also used as an input in the production of a final or finished product.
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