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3 Cards in this Set
- Front
- Back
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Price Discrimination |
Charging different prices to different customers for the same product when the price differences are not due to differences in cost. |
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Transactions Costs |
The costs in time and other resources that parties incur in the process of agreeing to and carrying out an exchange of goods and services. |
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Two-Part Tariff |
A situation in which consumers pay one price (or tariff) for the right to buy as much of a related good as they want at a second price. |
