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Price Discrimination
The practice of selling the same product to different buyers at different prices, based on factors such as willingness to pay, quantity purchased, or buyer characteristics.
Differential Prices
The practice of charging different prices for the same product or service to various customers based on market factors.
Fixed Cost
Expenses that do not change with the level of output or production, such as rent or salaries.
Aggregating Lots
The process of combining smaller batches of goods into larger lots to optimize production and distribution efficiency.
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