___________occurs when a seller offers different prices to different customers without a substantive basis,such that competition is reduced.

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Price discrimination occurs when a seller offers different prices to different customers without a substantive basis. This reduces competition as some customers may be charged higher prices than others. Price fixing involves two or more sellers agreeing to set the same price, deceptive pricing involves misleading customers about the actual price of a product, bait and switch involves enticing customers with a cheap offer and then selling a more expensive product, and predatory pricing involves setting very low prices to drive competitors out of the market.

___________Occurs When a Seller Offers Different Prices to Different Customers