price discrimination

noun
the practice of offering identical goods to different buyers at different prices, when the goods cost the same.

Origin:
1955–60

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World English Dictionary
price discrimination
 
n
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 10th Edition
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Dictionary.com's 21st Century Lexicon
Main Entry:  price discrimination
Part of Speech:  n
Definition:  the act of selling the same product at different prices to different buyers to maximum sales and profits
Dictionary.com's 21st Century Lexicon
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Example sentences
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.
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