Examlex
In a response to China's insistence that Taiwan is part of China and to help restore full diplomatic ties with China, what did the United States do?
Deadweight Loss
The inefficiency caused by market distortion, typically due to taxes or subsidies, leading to a loss of economic efficiency.
Price Discriminate
A pricing strategy where a seller charges different prices for the same product or service to different customers, based on the willingness to pay of different market segments.
Resale
The act of selling a product or service again, often used goods, to another buyer.
Perfectly Price Discriminate
A pricing strategy where a seller charges the maximum possible price for each unit consumed that each buyer is willing to pay, thus capturing the entire consumer surplus.
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