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Price Discrimination
A pricing strategy where similar goods or services are sold at different prices by the same provider in different markets.
Business Travelers
Individuals who travel for work or professional purposes, often commuting to different cities or countries.
Demand
The amount of a product or service that buyers are prepared and able to buy at different price levels over a specific time frame.
Perfect Price-Discriminate
A theoretical pricing strategy where a seller charges each customer the maximum price they are willing to pay, leading to maximum profit without excess supply or demand.
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