Examlex
If the production of a good creates an external cost, is the supply curve the same as the marginal social cost or the same as the marginal private cost curve or both?
Discriminated
Treated differently or unfairly, often based on race, gender, age, or sexual orientation.
Secondary Price Discrimination
A pricing strategy where the seller charges different prices to different consumers for the same product or service, based on factors other than the cost of production.
Tertiary Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service, based on factors other than the cost of production, typically in markets that are segmented.
Robinson-Patman Act
A federal law designed to prevent anticompetitive practices by producers, specifically prohibiting price discrimination.
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