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Alyson looks at a picture of arrows and sees white arrows pointing to the right against a black background. She looks at the picture longer, and then sees black arrows pointing to the left against a white background. Her perception of this stimulus is an example of _____.
Price Fixing
A practice where businesses agree on the selling price of their products or services, typically to prevent competition and increase profits, which is often illegal.
Geographical Pricing
A pricing strategy where the price of a product varies depending on the geographical location or market.
Predatory Pricing
A competitive strategy in which a business sets extremely low prices to eliminate competition and monopolize the market.
Bait and Switch
A deceptive marketing strategy where a customer is lured by the advertisement of a low-priced item but then is encouraged to buy a more expensive one.
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