Fidelity discounts and rebates not justified by the costs ...

“Fidelity” identifies a sub category of discounts, intended to provide either implicit or explicit compensation for loyalty (you buy only from me). In theory, “fidelity” discounts should be distinguishable from “quantity” discounts, the other sub category of discounts, where a seller provides compensation for large purchases. In practice, the distinction between “fidelity” and ... ................
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