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California Once Had a Law That Declared "No Black or Mulatto

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California once had a law that declared "no black or mulatto person, or Indian, shall be permitted to give evidence" against a white person, but excluded Chinese Americans because they were said to fall outside the term "black person."


Definitions:

Exclusivity Pricing Strategy

A pricing method where high prices are set due to the unique or exclusive nature of a product, targeting a specific segment of the market.

Cost Plus Pricing

A pricing strategy where a fixed percentage or amount is added to the cost of producing a product to determine its sale price.

Parallel Market

An unofficial market where goods are traded outside of the official channels, often at a different price point.

Dumping Strategy

A practice where companies sell products in foreign markets at prices lower than those in their domestic market, often to increase market share or unload surplus inventory.

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