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Consumer Surplus
The difference between the highest price a consumer is willing to pay for a good or service and the actual price they pay.
Sherman Antitrust Act
A landmark federal statute in the United States passed in 1890 aimed at promoting economic competition by prohibiting monopolies, cartels, and other forms of anticompetitive practices.
Price Discrimination
A pricing strategy where a firm charges different prices for the same product or service to different customers, based on their willingness to pay.
Disneyland
A globally recognized theme park brand, known for its entertainment complexes that blend imaginative attractions with characters from Disney movies.
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