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Two conditions are necessary for profitable price discrimination.First,the firm must be able to keep its national markets separate.The second condition is:
Innovation
The process of introducing new ideas, methods, or products to improve or replace existing ones, often leading to advancements in various fields.
Nineteenth Century
A period from 1801 to 1900, marked by significant global changes, including industrialization and the spread of imperialism.
Imprisonment
The act of confining someone in a prison or similar institution as a punishment for committing a crime or in the context of legal proceedings.
David Rosenhan
A psychologist known for his "On Being Sane in Insane Places" study, which challenged the validity of psychiatric diagnosis.
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