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Both first-degree price discrimination and optimal two-part tariff pricing maximise economic surplus.
Baby Boomers
The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964.
Generation X
The demographic cohort following the baby boomers, typically defined as being born from the early-to-mid 1960s to the early 1980s.
Generation Y
Generation Y, also known as Millennials, refers to the demographic cohort born approximately between the early 1980s and the late 1990s to early 2000s.
On-The-Job Communication
The exchange of information, ideas, or messages between employees within a workplace.
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