Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
persistent price discrimination
A monopolist's systematic policy of obtaining different rates of return from different sales groupings.
price discrimination
The practice of offering identical or similar goods to different buyers at different prices when the costs of producing the goods are t e same. ( Price discrimination can violate antitrust laws if it reduces competition. It may,either direct, as when a seller charges different prices to different buyers, or indire , as when a seller offers special concessions/Asuch as favorable credit terms) to some but not all buyers.