price discrimination


noun

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

Origin of price discrimination

First recorded in 1955–60
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British Dictionary definitions for price discrimination

price discrimination

noun

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