Examlex
The strength of bargaining power forces does not depend on the availability of substitutes.
Single-Price Monopoly
A market condition where a monopolist charges all consumers the same price for its product, despite the cost of production.
Pay-per-view
A type of television or online streaming service where the viewer pays to watch a particular event or program, typically used for special events or premium content.
Marginal Cost
The outgoings involved in creating one more unit of a product or service.
Price Discrimination
Involves selling the same product to different customers at different prices based on what each is willing to pay, rather than differences in production cost.
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