What Is the Difference Between a One-Price Policy and a Dynamic-Price

question 222

Essay

What is the difference between a one-price policy and a dynamic-price policy?

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Definitions:

Habituation

The process by which an organism decreases or ceases its responses to a repetitive stimulus over time, indicating a basic form of learning.

Sensitization

An increase in behavioral response after exposure to a stimulus, often as a result of an enhanced reaction to a subsequent stimulus.

Habituation

A decrease in response to a stimulus after repeated exposure to it, representing a fundamental form of learning.

Sensitization

An increased reaction to a stimulus following repeated exposure, often used in the context of drug tolerance or allergic reactions.