Price discrimination
What Price discrimination means in Economics A-Level, as defined for AQA.
Definitions of Price discrimination
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Reference: AQA
Occurs when a firm charges different prices to different consumers for the same good or service, for reasons not associated with differences in costs.
Occurs when a firm charges different prices to different consumer groups for the same product, for reasons unrelated to cost differences.
Topics that use Price discrimination
- Price discrimination (AQA A-Level)
Related terms
- Allocative inefficiency
- Arbitrage
- Consumer surplus
- Elasticity of demand
- Equity
- Monopoly power
- Producer surplus
- Profit maximisation
Using Price discrimination in the exam
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