The charging of different prices to different groups of buyers for the same goods or services is called?
The charging of different prices to different groups of buyers for the same goods or services is called price discrimination. Price
discrimination occurs when a seller charges different prices to different buyers for the same product or service, not based on the
cost of production, but on the buyer's willingness to pay. This is often seen in industries where the seller has some degree of
market power.
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