Differential pricing, which was missing from the formal agenda of the WHO Fair Pricing Forum, is a better option than compulsory licensing. Based on Merz-Price circulating current principle XRequires matched current transformers of low reactance design, typically class X or equivalent XEqual CT ratios XTypically current operated relay with an external stabilising resistor XNon-linear resistor may be required to limit voltage across relay circuit during internal faults The principle of differential pricing is that drug prices should vary according to some measure of affordability. Third, a differential pricing option requiring minimum EU centralisation would be possible, but only if discounts and/or the terms of voluntary contractual agreements were confidential. How differential prices should be determined is, however, unclear. limitations of specific tobacco taxation and pricing strategies. A consumer is anxious to find out whether the goods he wants to buy have become cheaper or dearer. If a monopolist set its profit maximising price (where MR=MC) the level of supernormal profit would be so high it attracts new firms into the market. Key points • Increasing tobacco prices is widely recognised as the most effective way to reduce smoking rates. Differential protection of alternator or Merz-Price circulating current protection system is a only protection system that protects alternator stator from burning through at least 80% of it. Demand in international markets leads to differential pricing: In international market, the demand for the product is influenced by a number of factors that gives way for differential pricing. Meaning of Price Theory: Every individual is interested in prices; and rightly so. For alternator the most severe out come of fault is the damage of stator. Differential pricing occurs when firms set various prices for the same product depending on their consumer's portfolio, geographic areas, demographic segments and the intensity of competition in the region. Implementing differential pricing under this option would obviously require limitations to price … Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. ... theory testing, they can suffer from limitations, such as self-reporting bias. Limitations of Price Theory. Internationally, the high costs of pharmaceutical products limit access to treatment. 11 . Limit Pricing is a pricing strategy a monopolist may use to discourage entry. 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