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The majority of studies on board composition and firm performance and risk show that an increase in the number of independent directors on a board will:
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like willingness to pay, location, or purchase volume.
Perfectly Inelastic
A demand situation where the quantity demanded does not change in response to price changes.
Elastic
A characteristic of a demand or supply curve which shows a high responsiveness to changes in price.
Inelastic
Refers to a condition in which the demand or supply of a product or service remains largely unaffected by variations in its price.
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