Examlex
Zimbardo's Stanford prison study was an example of a(n) _____.
Price Discrimination
A pricing strategy where similar goods or services are sold at different prices to different groups of people.
Ethnic Group
A community or population made up of people who share a common cultural background, ancestry, or social experience.
Potential Competitors
Firms that are not currently in a market but have the capacity to enter if they choose.
Price-Elastic
Price-elastic refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity means quantity changes significantly with price changes.
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