MLchartDataset catalogue

Price discrimination

Term · Law · MLC-T-LAW-003886

The practice of selling the same product or service to different buyers at different prices without a corresponding difference in cost. This can be illegal under antitrust laws if it substantially lessens competition or tends to create a monopoly. The Robinson-Patman Act prohibits certain forms of price discrimination in interstate commerce.

Table 1. Record
IdentifierMLC-T-LAW-003886
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003886",
  "term": "Price discrimination",
  "field": "Law",
  "definition": "The practice of selling the same product or service to different buyers at different prices without a corresponding difference in cost. This can be illegal under antitrust laws if it substantially lessens competition or tends to create a monopoly. The Robinson-Patman Act prohibits certain forms of price discrimination in interstate commerce.",
  "url": "https://mlchart.com/terminology/law/price-discrimination/"
}

Record 3,916 of 5,439 in Law terminology (MLC-0107). Request the full dataset.