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The practice of offering identical goods to different buyers at different prices when the goods cost the same.
Price discrimination definition. Price discrimination is a selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to. The offering of similar or identical goods at different prices to different buyers. Definition of price discrimination. Price discrimination is a pricing policy where companies charge each customer different prices for the same goods or services based on how much the customer is willing and able to pay.
Price discrimination refers to the charging of different prices for the same type of products in different markets. Price discrimination can be defined as a pricing strategy that is used by sellers to sell identical goods and services at different prices to a diverse group of customers based on various conditions such as demand of the product the willingness of customers to pay.
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