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Block Pricing
A pricing strategy where different quantities of a product or service are sold at different prices, usually implying that larger quantities are sold at a lower per-unit price.
First-Degree Price Discrimination
Practice of charging each customer her reservation price.
Marginal Revenue
The increase in revenue resulting from the sale of one additional unit of a product or service.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
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