Examlex
Circadian rhythms exist in plants.
Consumer Surplus
The variance between the sum consumers are willing to pay for a product or service and the actual payment made.
Single-Price Monopolist
A monopolistic firm that offers its product or service at a single price to all its consumers, without price discrimination.
Price Discrimination
A pricing strategy where similar goods or services are sold at different prices to different groups of people.
Ethnic Group
A community or population made up of people who share a common cultural background, ancestry, or social experience.
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