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Other things equal, what happens when the price of a good rises?
Conglomerate
A large corporation formed by the merging of separate and diverse firms into a single entity, typically involving companies in entirely different industries.
Robinson-Patman Act
A United States federal law that aims to prevent anticompetitive practices by producers, specifically price discrimination.
Price Discrimination
occurs when a seller charges different prices to different buyers for goods of like grade and quality, without justification.
Discriminatory Price
A pricing strategy where different prices are charged for the same product or service in different markets or to different segments of consumers without a corresponding difference in cost.
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