Examlex
To reach a target market with a small number of buyers,a direct distribution channel is often the best choice.
Less Than Price
A situation where the selling price of a good or service is below its cost or perceived value.
Marginal Revenue
The extra revenue generated by selling an additional unit of a product or service.
Monopolist
An entity that is the sole provider of a particular product or service in the market, facing no direct competition.
Quantity Effect
The impact on total revenue or expenditure when the quantity sold of a good or service changes, holding its price constant.
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