Baseball ticket sellers charge a different price for adults and children. Ballpark concession stands charge the same prices for products sold to any customer. The baseball ticket sellers are providing a successful example of

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The baseball ticket sellers charge different prices and this is known as price discrimination.

What is price discrimination?

Price discrimination simply means a selling strategy whereby different prices are charged to customers.

In this case, the baseball ticket sellers charge a different price for adults and children and this is price discrimination.

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