Examlex
A price surprise is equal to the expected price level minus the actual price level.
Monopolist
A sole provider of a particular good or service in a market, possessing the power to control prices and exclude competition.
Price Maker
A firm or entity that has significant control over the price of the goods or services it provides, due to lack of competition.
Big Data
Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
Price Discriminate
A pricing strategy where identical or substantially similar goods or services are sold at different prices to different customers.
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