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Nonexclusionary time-out is not used when
Inelastic
A characteristic of goods whose demand or supply is not significantly affected by changes in price.
Nondiscriminating Monopolist
A monopolist who charges the same price for all units of output sold, not engaging in price discrimination between different consumers.
Elastic
Describes a situation where the quantity demanded or supplied of a good or service changes significantly when its price changes.
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