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Match the story with the correct figure.
-Mark started out by walking up a hill for 5 minutes. For the next 5 minutes he walked down a steep hill to an elevation lower than his starting point. For the next 10 minutes he walked on level ground. For the next 10 minutes he walked uphill. Determine which graph of elevation above sea level versus time illustrates the story.
Upstream Price Discrimination
Differential pricing strategy employed before the product reaches the final consumer, often involving wholesalers or distributors.
Arbitrage
The simultaneous purchase and sale of the same assets in different markets to profit from unequal prices.
Vertical Contracts
Agreements between firms at different levels in the supply chain, such as between a manufacturer and a retailer, to control the terms of sale or distribution.
Upstream Price Discrimination
A pricing strategy where producers or wholesalers charge different prices to retailers or distributors, often based on the amount being purchased or the bargaining power of the buyer.
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