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Dumping
The practice of exporting goods at a price lower than the home market price, often considered unfair trade.
Protectionist Strategy
Economic policies governments use to restrict imports to protect domestic industries.
Inelastic
Describes a situation where the demand for a product or service is relatively unresponsive to changes in price, meaning that variations in price have little to no effect on the quantity demanded.
Whole Dollar Pricing
A pricing strategy where products are priced at round number amounts rather than using cents, designed to simplify pricing for consumers.
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