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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.
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.
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.
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