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price discrimination

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price discrimination

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

Origin:
1955–60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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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
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