Examlex
Which of the following is a step in building a fraud detection system?
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of production and the quantity of output increase.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on market segments, capacity to pay, or purchasing contexts.
Monopoly Power
The ability of a monopolist to significantly control market price or exclude competition in a particular market.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers.
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