Examlex
Javier was recently tried and convicted of trafficking cocaine across state lines. He was sentenced to a mandatory 10-year prison sentence. Javier is a citizen of Mexico; however, he has been living in the United States for the last several years with his wife and two young children. Javier is serving his sentence in a single cell with little to no contact throughout the day. The warden seems to believe in old-style punishment.
Because Javier is not a legal citizen of the United States, he would be considered a(n)
Price Discrimination
The strategy of selling the same product at different prices to different groups of consumers, based on their willingness or ability to pay.
Perfect Competition
A market structure where many companies sell products that are identical to each other and no single firm can influence the market price.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on costs but on what the seller believes each customer can afford or is willing to pay.
Single-Price Monopoly
A market structure where a single seller sells a unique product in the market and does not charge different prices to different consumers for the same product.
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