identical price
1Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …
2price discrimination — n. Asking different prices from different buyers for the same item. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. price discrimination n …
3price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting …
4price — The cost at which something is obtained. Something which one ordinarily accepts voluntarily in exchange for something else. The consideration given for the purchase of a thing. Amount which a prospective seller indicates as the sum for which he… …
5Price index — A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to… …
6price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …
7Price dispersion — In economics, price dispersion is variation in prices across sellers of the same item, holding fixed the item s characteristics. Price dispersion can be viewed as a measure of trading frictions (or, tautologically, as a violation of the law of… …
8price discrimination — the practice of offering identical goods to different buyers at different prices, when the goods cost the same. [1955 60] * * * Practice of selling goods or services at different prices to different buyers, even though sales costs are the same… …
9price discrimination — noun 1. : the offering of similar or identical goods at different prices to different buyers 2. : the setting of a price differential on similar goods that is not based on differences in the cost of production …
10price discrimination — /ˈpraɪs dəskrɪməˌneɪʃən/ (say pruys duhrimuh.nayshuhn) noun the selling of identical goods to different buyers at different prices …
