When tickets to a rock concert are sold to students at half price, while the general public must pay full price for the same seats, this is an example of

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Price discrimination occurs when a seller charges different prices to different customers for the same product or service, where the price differences are not justified by differences in cost. In this case, selling tickets at half price to students while charging the general public full price is an example of price discrimination, as it differentiates pricing based on customer segment (students vs. general public) without a cost basis for the difference.

When Tickets to a Rock Concert Are Sold to Students