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Financial goals
Third-Degree Price Discrimination
A pricing strategy where a seller charges different prices to different consumer groups based on their elasticity of demand.
Profits Maximization
Aiming to achieve the highest possible profits through decision-making related to business operations and finance.
Price Elasticity
A measure of how much the demand for a good or service changes in response to a change in its price.
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product or service.
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