Examlex
Describe how glazes are used to color the surface of a ceramic vessel.
Price Discriminate
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on the willingness to pay of different market segments.
Resale
The act of selling a product or service again, often used goods, to another buyer.
Perfectly Price Discriminate
A pricing strategy where a seller charges the maximum possible price for each unit consumed that each buyer is willing to pay, thus capturing the entire consumer surplus.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
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