Flashcard sets with a 'price discrimination' term meaning 'charging 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 laws'

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