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Price Discrimination
The strategy of selling the same product at different prices to different segments of consumers, based on their willingness to pay.
Combination Meal
A set meal at a restaurant that includes multiple items at a fixed total price, often providing a discount compared to purchasing items separately.
Student ID
A unique identifier assigned to students by educational institutions for tracking and administrative purposes.
Reservation Price
The maximum price that a consumer is willing to pay for a product, beyond which they would choose not to purchase it.
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