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According to the band theory, a band is
Price-Discriminating Monopolist
A monopolist that charges different prices to different consumers or groups of consumers for the same product, to maximize profits.
Price Elasticity
The responsiveness of the quantity of a product demanded to a variation in its price, determined by dividing the percentage variation in the quantity demanded by the percentage modification in the product’s price.
Separate Markets
Economic markets that are distinctly separated by geographical boundaries, preferences, or other factors, preventing the mixing of products or services.
Resold
The action of selling an item or asset that has previously been sold or owned by someone else.
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