Sharmishtha
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I came to the same conclusion as mec06e after spending some time scratching my head.. Please could the wiki be updated to say L^D = Losses Loss Reserves after Discounting
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Understood, thank you!!
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For the Robinson-Patman Act, the wiki states: price discrimination - must be based on reduced operating costs of corporation. Could you please explain this with an example?
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Thanks Graham, that explains it! Just wanted to make sure I wasn't missing anything