Price discrimination, in which a firm sells the same product to different customers at different prices, is illegal.

Question

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Price discrimination is not always illegal. In fact, it is a common practice in many industries, such as travel and entertainment. However, it can be illegal if it is done on the basis of characteristics such as race or gender, or if it harms competition in the market. There are also laws in place to prevent price discrimination in certain contexts, such as with government contracts or in the sale of agricultural products.

Price Discrimination, in Which a Firm Sells the Same Product