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Jill's mother was an All-American in the 1500 m and qualified for the Olympic team in the marathon.Jill is a freshman in high school and does not think that she will need to train to become a member of the school's cross country team.Jill keeps telling you that her mother was a great runner,so she will also be a great runner.What do you think?
Price-discriminating Monopolist
A monopolistic market player that charges different prices for the same product or service to different customers, based on what each is willing to pay.
Market
A venue for buyers and sellers to trade goods, services, and financial instruments.
Price Elasticity
A gauge of the extent to which the amount of a good that is bought varies in response to alterations in its cost, showing how sensitive purchases are to price adjustments.
Raise Profits
Efforts or strategies implemented by a company aimed at increasing its net earnings or bottom line, through means such as reducing costs, increasing sales, or enhancing productivity.
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