Examlex
The process whereby a person is involuntarily hospitalized because it is determined that their behavior is likely to represent a threat to his/her own welfare or the welfare of others is known as
Monopolist
An entity with exclusive control over the supply of a particular good or service, setting prices without competition.
Pure Monopolist
A market structure where a single firm completely dominates the market, with no close substitutes for its product, allowing it to control prices.
Discriminating
The act of making a distinction or differentiating between items, people, or situations, often based on specific criteria.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on their willingness to pay.
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