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One practice that competitive companies use is price

One practice that competitive companies use is "Price Discrimination" what it means is one group of our customers pays a different price than another customer group. One of the early examples was car makers charging different prices in different countries, so a BMW 328 might be $30,000 in Germany and $45,000 in the USA. Can you think of an example? Please explain in details

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Microeconomics: One practice that competitive companies use is price

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