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Price-Discriminating
A pricing strategy where a seller charges different prices for the same product or service to different customers based on various factors.
Elastic
In economics, it describes a situation where the demand or supply for a good changes significantly in response to price changes.
Nondiscriminating
Policies or practices that do not selectively favor or prejudice any particular group or individual.
Imperfectly Competitive
Describes markets that do not meet the strict criteria of perfect competition, often characterized by having a small number of firms that have control over prices.
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