Examlex
With obesity rates on the rise, we have seen an increase in the number of children diagnosed with
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.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
Federal Trade Commission
The Federal Trade Commission is a United States federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.
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