Chapter 15 - Monopoly

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16 Terms

1
Arbitrage
________ is a process where good is bought in one market at a low price but sold to another market at an even higher price to profit off the price difference.
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2
Airplane seats
________ are sold at different prices to separate business travelers from leisure ones.
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3
Social planners
________ focus on the profit earned by the firm's owners, as well as the benefits received by the firm's consumers.
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4
senior citizens
Children and ________ are charged lower prices in movie theaters.
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5
Discount coupons
________ are offered in newspapers, magazines, or online to the public.
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11
Vertical mergers
________ are mergers between firms at different stages of the production process.
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