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determination of equilibrium market prices, monopoly and monopoly power, market failure, price discrimination
Have you ever noticed that when shopping online the prices of goods seem to change? For example, the cost of train tickets might change, depending on whether you are booking a long way in advance, or for the same journey tomorrow. Sometimes, when buying goods online, you may even see a different price from your friend, or even a different price depending on the browser that you use.
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