What is price discrimination?(pls give me like real life examples)
In: Economics
Price discrimination is charging one group a different price than other groups. There are many options: Senior Citizen discounts, coupons mailed to past customers, mortgage interest rates that vary by credit score, … .
Most discrimination of this type is 100% OK and legal. Charging black people more for lunch, that’s not OK, but charging black people more for haircuts because more expensive products are used, that’s OK.
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