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Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.
Good Or Service
Any tangible product (good) or intangible offering (service) that can be sold or provided in a market to satisfy the demand of a customer.
Marginal Revenue
The additional income received from selling one more unit of a product or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a good or service.
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