Concept information
Preferred term
price discrimination
Definition
- PRICE DISCRIMINATION IS DEFINED as the act of selling the same product to different consumers at different prices even though the cost of supplying the product is the same. Price discrimination is widespread in the economy. [Source: Encyclopedia of White-Collar & Corporate Crime; Price Discrimination]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/price_discrimination
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