Examlex
Which of the following can be a drawback of "backing up" behavior?
Marginal Revenue
The additional revenue that a company gains from selling one more unit of a product or service.
Price-Discriminating Firms
Companies that charge different prices to different customers for the same product or service, based on willingness to pay.
Elastic Demand
Describes a situation where the quantity demanded of a good or service significantly changes in response to a price change.
Price Structure
The organization and setting of various prices within a company's range of products or services.
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