price discrimination

American  

noun

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

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price discrimination British  

noun

1. economics the setting of different prices to be charged to different consumers or in different markets for the same goods or services

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Etymology

Origin of price discrimination

First recorded in 1955–60

Example Sentences

Ferrara wrote that the NGA hopes both the current and next presidential administration will look closely at anticompetitive behaviors, including price discrimination, that are increasing prices for independent grocers and the community members they serve.

From Salon • Aug. 31, 2024

"There's also a risk of price discrimination, with products that are more popular in certain stores ending up having prices pushed up because of higher demand in that area," he says.

From BBC • Nov. 29, 2023

The rules seek to bar excessive price discrimination, protect workers’ rights and restrict the use of personal data or using AI for “illegal” purposes.

From Washington Times • Aug. 15, 2023

In a warning letter posted on Friday, the watchdog banned activities including price inflation, collusion, price discrimination, misleading propaganda and hoarding.

From Reuters • Dec. 10, 2022

His essays include The Second Enclosure Movement, a study of the economic rhetoric of price discrimination in digital commerce, and a Manifesto on WIPO.

From The Public Domain Enclosing the Commons of the Mind by Boyle, James