Examlex
Assume each of the following is a deductive argument. In each case, is the argument valid or invalid? (V or I)
-Chris is shorter than Ed, and Ed is shorter than Pat. So Pat is taller than Chris.
Above-market
Pricing or valuing something higher than the general market rate or expected standard.
Prestige Pricing
A pricing strategy where prices are set higher than competitors to convey an image of exclusivity or superior quality.
Price Lining
A pricing strategy where products are sold at predetermined price points, each representing a distinct level of quality or features.
Customary Pricing
Pricing strategy based on what is traditionally expected or accepted within a specific market or industry.
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