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 good14 sets
2occurs when a business sells the same product to different people at different prices4 sets
3the practice of charging customers different prices for the same product3 sets
4the business practice of selling the same good at different prices to different customers3 sets
5the 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
6the practice of charging different buyers different prices for essentially the same good or service3 sets
7occurs when a business sells the same product to different people at different prices.3 sets
8the 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
9the act of selling the same product to different people at different prices.2 sets
10offering specific goods or services at different prices to different segments of the market. example: first class versus business class on airlines.2 sets
11this is at the heart of any auction2 sets
12practice 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
13charging different customers different prices for the same product2 sets
14illegal practice of charging customers different prices for the same product2 sets
15the practice of selling different buyers the same product for different prices2 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
18the 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
19a firm charges different prices to similar customers in similar situations1 set
20the business practice of selling the same good at diffrent prices to diffrent customers1 set
21division of consumers into groups based on how much they will pay for a good1 set
22the 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
23the business practice of selling the same good at different prices to different consumers1 set
24the setting of different prices for different buyers under the same circumstances.1 set
25by retailers occurs when a retailer chargers different prices for the identical products and/or services sold to different customers1 set
26when sales of identical goods are transacted at different prices from a single vendor1 set
27injuring competition by selling the same products to different buyers at different rates1 set
28the practice of selling a specific product at more than one price when the price differences are not justified by cost differences1 set
29charging different prices to different buyers1 set
30section 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
31the sale of the same product to different groups of consumers at different prices1 set
32making every consumer pay the absolute maximum they are willing to purchase1 set
33charging different prices to different people for the same productproduct portfolio analysis1 set
34charging a different price for a different product or to a different buyer without any true cost differential to justify the different price. 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. an agreement to charge a better price for the same product to one buyer versus another may constitute a violation of antitrust laws1 set
35illegal practice of charging customers different prices for same products1 set
36practice of charging different buyers different prices for essentially the same good or service.1 set
37the practice of selling a good at different prices to different consumers1 set
38practice by which a seller charges different prices (to different buyers) for the product it sells when the price differences do not reflect cost differences.1 set
39practice of charging different customers different prices for the same product or service1 set
40the practice of charging different prices to different buyers for goods of like grade and quality1 set