Examlex
Konrad Lorenz performed research with goslings and found that many, upon hatching, identified him as their mother. He called this form of attachment
Marginal Cost
The rise in aggregate expenditure resulting from the production of one more unit of a good or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded.
Senior Discount
A reduction in the price of goods, services, or commodities offered to elderly individuals, typically those who are 65 or older.
Indirect Price Discrimination
A pricing strategy where the price variance does not directly relate to cost differences but is based on different consumer groups' ability or willingness to pay.
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