Charging different prices in different markets for the same goods is called:

Name: Charging different prices in different markets for the same goods is called:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price discrimination refers to the practice of charging different prices in different markets for the same goods. This strategy allows companies to maximize their profits by charging higher prices to customers who are willing and able to pay more, while still selling their products to customers who are less price-sensitive at a lower price.

Charging Different Prices in Different Markets for the Same Goods