Examlex
Which is presently not a major tax service?
Perfect Price Discrimination
A pricing strategy where a seller charges each buyer their maximum willingness to pay, extracting all the consumer surplus.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
Third-Degree Price Discrimination
Practice of dividing consumers into two or more groups.
Price Elasticities
Measures of how the quantity demanded or supplied of a good responds to a change in its price.
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