FMV: Definition and Calculation.

What is Fair Market Value (FMV)? Fair Market Value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being under any pressure to buy or sell. What is the fair value of … Read more

What is price discrimination?

Price discrimination is a marketing strategy based on charging different prices for the same product, despite the fact that the cost of production is always the same. This technique is common and occurs normally in situations of monopoly, in which a company controls the market and seeks to maximize profits in this way. Types of … Read more