Examlex
Simplify the expression. Assume all variables represent nonzero real numbers.
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Price Discrimination
The practice of selling the same product or service at different prices to different customers, not due to differences in cost.
Competitors
Entities or individuals engaged in a commercial contest or rivalry, vying for the same market share or customer base.
Market Share
The percentage of an industry's sales that a particular company controls.
Substitutable Products
Goods or services that can serve as replacements for each other; demand for one increases when the price of the other increases.
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