Price discrimination flashcard sets

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price discrimination definitions
# Definition Sets
1division of customers into groups based on how much they will pay for a good17 sets
2occurs when a business sells the same product to different people at different prices11 sets
3occurs when a business sells the same product to different people at different prices.5 sets
4the business practice of selling the same good at different prices to different customers4 sets
5the practice of charging customers different prices for the same product3 sets
6the practice of charging different prices for various units of a single product when the price differences are not justified by differences in cost.(ex-difference in prices of adult and child tickets)3 sets
7the business practice of selling the same good at different prices to different customers (e.g. movie tickets, plane tickets, coupons, financial aid, bulk discounts, etc)3 sets
8the practice of charging different buyers different prices for essentially the same good or service3 sets
9illegal practice of charging customers different prices for the same product2 sets
10this is at the heart of any auction2 sets
11charging different customers different prices for the same product2 sets
12the act of selling the same product to different people at different prices.2 sets
13division of consumers into groups based on how much they will pay for a good2 sets
14the division of consumers into groups based on how much they will pay for a good2 sets
15offering specific goods or services at different prices to different segments of the market. example: first class versus business class on airlines.2 sets
16when a business sells the same product to different people at different prices2 sets
17the act of selling the same product to different people at different prices2 sets
18practice by which a seller charges different prices (to different buyers) for the product it sells when the price differences do not reflect cost differences2 sets
19the practice of selling different buyers the same product for different prices2 sets
20charging different prices to different buyers1 set
21the sale of the same product to different groups of consumers at different prices1 set
22section 2(a). this section prohibits a seller from discriminating in price between two or more different purchasers of commodities of like grade and quality where the effect may be substanitally to lessen competition. direct and indirect price discrimination are unlawful.1 set
23the sale of a given product at different prices to different customers of the firm when there are no differences in the costs of supplying these customers. prices are also discriminatory if it costs more to supply one customer than another but they are charged the same price1 set
24the setting of different prices for different buyers under the same circumstances.1 set
25the practice of selling a product or service at different prices to different consumers when those price differences are not justified by cost differences. it can occur when different consumers have different elasticities of demand for the product1 set
26charging different prices to different people for the same productproduct portfolio analysis1 set
27the practice of selling a specific product at more than one price when the price differences are not justified by cost differences1 set
28injuring competition by selling the same products to different buyers at different rates1 set
29a firm charges different prices to similar customers in similar situations1 set
30making every consumer pay the absolute maximum they are willing to purchase1 set
31the business practice of selling the same good at diffrent prices to diffrent customers1 set
32setting different prices for different customers.1 set
33selling an identical product at different prices to different customers1 set
34the practice of charging different prices to different buyers for goods of like grade and quality1 set
35practice of charging different buyers different prices for essentially the same good or service.1 set
36the practice of selling a good at different prices to different consumers1 set
37the practice of offering different prices to different customers1 set
38the most common form of nonuniform pricing, a firm charges consumers different prices for the same good1 set
39scale of an identical good at different prices to different consumed by a single seller1 set
40occurs whan a business sells the same product to different people at different prices1 set