Definitions for "Price Discrimination"
The practice of charging unequal prices to different buyers of products that are essentially identical, when such pricing does not correspond to differences in supply cost. Dumping is a form of price discrimination which, in principle, can be maintained only if the exporter's home market is sheltered by trade barriers (preventing re-importation of goods which have been sold below cost in foreign markets).
A firm charges different customers different prices for the same product.
the sale of the same commodity to separate markets at different prices, usually by a monopolist.
The percentage change in the quantity of a good demanded by the percentage change in its own price.
Actions that give certain buyers advantages over others.