Examlex
The plain view doctrine states that objects falling in the direct sight of an officer who has the right to be in a location are subject to seizure without a warrant and can be introduced into evidence. Provide the three criteria that must be met in order for the plain view doctrine to apply.
Profits
The financial gain obtained when the revenue from business activities exceeds the costs and expenses incurred in operating the business.
Price Discrimination
An approach where the same goods or services, either identical or very similar, are priced differently by the same seller in distinct markets.
Inelastic Demand
A situation where the demand for a good or service changes little when its price changes, indicating consumers' lack of sensitivity to price adjustments.
Price Discrimination
Price discrimination involves selling the same product or service at different prices to different groups of consumers, often based on factors like age, location, or purchase quantity.
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