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Some customers display less loyalty to value and relationship than they do to the core service.
Average Total Cost
The total cost of production divided by the quantity produced, representing the cost per unit of output.
Price-fixing
An illegal agreement among competitors to set prices at a certain level, rather than allowing them to be determined by free market forces.
Art Auction Houses
Organizations that facilitate the buying and selling of art pieces through an auction system, often dealing with high-value items.
Catfish
A diverse group of ray-finned fish known for their prominent barbels, which resemble a cat's whiskers.
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