Business/Economics - learn from the smartest.
Practice of selling goods or services at different prices to different buyers, even though sales costs are the same for all the transactions. Buyers may be discriminated against on the basis of income, ethnicity, age, or geographic location. For price discrimination to succeed, other entrepreneurs must be unable to purchase goods at the lower price and resell them at a higher one.
price discrimination is one of 26,000 free short articles on Britannica Philippines
Find more information on price discrimination. Upgrade to Britannica Online for more on price discrimination.