Maharashtra State BoardHSC Commerce 12th Board Exam
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Price Discrimination - Economics

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Definition

Price discrimination

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Solution

Price discrimination is a pricing strategy that charges customers different prices for the same product or service. In pure price discrimination, the seller charges each customer the maximum price that he is willing to pay. In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price.

Concept: Market Supply
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