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price discrimination

the practice of offering identical goods to different buyers at different prices, when the goods cost the same.
Origin of price discrimination
1955-60 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for price discrimination
  • The way to smooth demand, therefore, is to use price discrimination to even out the peaks and the troughs.
  • Such prohibited transactions include the below cost sale of milk and price discrimination.
  • The economist's traditional explanation for bundling is that it is an effective tool for price discrimination.
  • Absent price discrimination, a relevant market is described by a product or group of products and a geographic area.
British Dictionary definitions for price discrimination

price discrimination

(economics) the setting of different prices to be charged to different consumers or in different markets for the same goods or services
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for price discrimination

the act of selling the same product at different prices to different buyers to maximum sales and profits's 21st Century Lexicon
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