Noun
price discrimination (countable and uncountable, plural price discriminations)
(economics) The practice of charging different prices to different categories of consumers.
There is no such thing as a gas market prices, because there is no such thing as gas market. What they are doing to Ukraine is obvious price discrimination. Andrey Illarionov
A company that does not engage in price discrimination will charge the profit maximizing price, P*, to all its customers. Source: Internet
A company must have some degree of market power to practice price discrimination. Source: Internet
A company wishing to practice price discrimination must be able to prevent middlemen or brokers from acquiring the consumer surplus for themselves. Source: Internet
A price discrimination strategy is to charge less price sensitive buyers a higher price and the more price sensitive buyers a lower price. Source: Internet
Any company that has market power can engage in price discrimination. Source: Internet