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Direct Price Discrimination
The practice of charging different prices to different consumers for the same good or service, based directly on the willingness of each customer to pay.
Elastic Demand
A situation where the demand for a product or service varies significantly in response to changes in price.
Low-value Group
A classification referring to items or individuals perceived as offering less benefit, importance, or financial value compared to others.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different buyers.
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