Difference between revisions of "Price discrimination"
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| − | Price discrimination is the practice of selling the same good or service at different prices to different people, based on how much one thinks they can afford. In doing this, sellers attempt to capture additional profit from buyers who are willing to pay more. | + | Price discrimination is the practice of selling the same [[good]] or [[service]] at different prices to different people, based on how much one thinks they can afford. In doing this, sellers attempt to capture additional profit from buyers who are willing to pay more. |
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| + | [[Category:Economics]] | ||