Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. Different types of price discrimination 1.
Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy.
Price discrimination. Price discrimination is a selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to. Cut price fuel on tuesdays and thursdays is a form of price discrimination. Price discrimination refers to a pricing strategy that charges consumers different prices for identical goods or services.
Price discrimination can be defined as a pricing strategy that is used by sellers to sell identical goods and services at different prices to a diverse group of customers based on various conditions such as demand of the product the willingness of customers to pay. For example student discounts off peak fares cheaper than peak fares. Price discrimination is common in transport services and utilities such as gas and energy supply.
Taking rail services between a city and its outskirts peak travel will occur in the mornings and evenings as commuters head to work and back home. Definition price discrimination involves charging a different price to different groups of people for the same good.
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