-Define price discrimination.What factors must be present in order for a firm to price discriminate? Why do firms price discriminate?
Definitions:
Gender Roles
Social and behavioral norms that are considered appropriate for individuals of a specific gender within a certain culture.
Innate Biological Differences
Natural variations in physiological or genetic characteristics that exist among individuals from birth.
Genes
Units of heredity made up of DNA that are responsible for the genetic traits passed from parents to offspring.
Estrogen
A group of steroid hormones that promote the development and maintenance of female characteristics of the body.
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