iPhone;535523 Wrote: > Again its not discriminatory pricing, its the price that market will > bear.
Actually, 'it is price discrimination' (http://en.wikipedia.org/wiki/Price_discrimination): "Wikipedia" Wrote: > Price discrimination, or price differentiation [1], exists when sales of > identical goods or services are transacted at different prices from the > same provider. In general, the practice of charging different customers > different prices is called price discrimination.[1] In a theoretical > market with perfect information, perfect substitutes, and no > transaction costs or prohibition on secondary exchange (or re-selling) > to prevent arbitrage, price discrimination can only be a feature of > monopolistic and oligopolistic markets[2], where market power can be > exercised. "Discrimination" in this case is not a bad thing, it's just a way of maximizing revenue. Actually, the definition I quoted appears to be incorrect. A better definition is 'here' (http://ingrimayne.com/econ/Monopoly/PriceDiscrimination.html). > A seller price discriminates when it charges different prices to > different buyers. The ideal form of price discrimination, from the > seller's point of view, is to charge each buyer the maximum that the > buyer is willing to pay. Sometimes price discrimination is done with different versions of the same product, such as the different versions of MS Windows 7 that sell at different prices. -- hawaiijim ------------------------------------------------------------------------ hawaiijim's Profile: http://forums.slimdevices.com/member.php?userid=37570 View this thread: http://forums.slimdevices.com/showthread.php?t=77371 _______________________________________________ Touch mailing list [email protected] http://lists.slimdevices.com/mailman/listinfo/touch
