price discrimination

noun

Definition of price discrimination

1 : the offering of similar or identical goods at different prices to different buyers
2 : the setting of a price differential on similar goods that is not based on differences in the cost of production

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“Price discrimination.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20discrimination. Accessed 25 Feb. 2021.

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