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Increase Profits
Increase Profits means enhancing the financial gain left after subtracting the expenses from the total revenues, aiming for a higher bottom line through various strategies like reducing costs or increasing sales.
Lower Total Costs
Achieving a reduction in the aggregate amount of expenditures necessary for production or provision of services.
Price Discrimination
The strategy of selling the same product to different customers at different prices, based on their willingness to pay.
Deadweight Loss
Deadweight Loss is the loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market distortions like taxes or subsidies.
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