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Price
The sum projected, mandated, or allocated in money for acquiring something.
Perfectly Price Discriminate
A theoretical pricing strategy where a seller charges the maximum possible price for each unit sold, capturing the entire consumer surplus.
Monopolist
A market player that is the sole provider of a particular good or service, possessing significant market power to influence prices and output levels.
Diamonds
A precious gemstone made of carbon, often used in jewelry for its brilliance and durability.
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