Selective private colleges advertise high tuition rates,but have the flexibility to discount the tuition for each student on an individual basis.This type of near-perfect price discrimination practiced in the real world is most similar to that which occurs in a

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Jewelry stores often practice near-perfect price discrimination by negotiating prices individually with customers, similar to selective private colleges adjusting tuition fees for students based on various factors.

Selective Private Colleges Advertise High Tuition Rates,but Have the Flexibility