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Price Discrimination

Explain how price discrimination relates to firms and consumers, and how it effects both.

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Price discrimination is prevalent in today's society. The most common practices of price discrimination would include grocery stores and how the location of the store will determine the pricing strategy. From a consumer perspective, a grocery store in the suburbs might have a plethora of discounts and bargains with lower price ranges. A grocery store in the lower developments within the Urban communities might see astronomical prices for various items. This places a ...

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