price discrimination

price discrimination
n.
Asking different prices from different buyers for the same item.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


price discrimination
n. The illegal charging of different prices to different persons for the identical or substantially similar goods or services. A violation of the Sherman Antitrust Act, price discrimination is also specifically addressed by the Clayton Act.

Webster's New World Law Dictionary. . 2000.

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