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If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities,then
Income Gap
The disparity in the distribution of income among different groups within a population, often between the rich and the poor.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.
Infrastructure
The fundamental facilities and systems serving a country, city, or area, including services and facilities necessary for its economy to function.
Real Income
The income of individuals or nations after adjusting for inflation, representing the actual purchasing power over goods and services.
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