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Price Discrimination
The strategy of selling the same product to different customers at different prices based on willingness to pay, rather than differences in production costs.
"Fair Return" Price
A price set at a level intended to allow a firm to cover its costs and earn a reasonable profit, often regulated in public utility sectors.
Pure Monopolist
A market scenario where a single supplier controls the entire supply of a unique product or service, with no close substitutes available.
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