I believe that market monopoly in the data environment is the result of price discrimination, and I want to use Internet-based price discrimination as the topic of my essay.Here is my conceptual learning on price discrimination

What is price discrimination

• Price discrimination is essentially a difference in price, usually when a provider of goods or services offers the same class of goods or services of the same quality to different recipients, and applies different selling prices or charges between the recipients. Price discrimination occurs when an operator, without justification, applies different selling prices to a number of buyers on the same terms for the same goods or services.
• Price discrimination is an important monopoly pricing practice, a pricing strategy used by monopolies to obtain excessive profits through price differentials. It not only facilitates the monopoly to obtain more monopoly profits, but also puts several buyers in the same condition in an unfair position, which hinders the legitimate competition among them and has the harm of restricting competition. As a result, it is basically restricted by anti-monopoly laws and regulations in all countries of the world. Price discrimination is defined in Western economics as demanding different prices from different purchasers of the same commodity at the same time.

What is price discrimination

• Price discrimination is essentially a difference in price, usually when a provider of goods or services offers the same class of goods or services of the same quality to different recipients, and applies different selling prices or charges between the recipients. Price discrimination occurs when an operator, without justification, applies different selling prices to a number of buyers on the same terms for the same goods or services.
• Price discrimination is an important monopoly pricing practice, a pricing strategy used by monopolies to obtain excessive profits through price differentials. It not only facilitates the monopoly to obtain more monopoly profits, but also puts several buyers in the same condition in an unfair position, which hinders the legitimate competition among them and has the harm of restricting competition. As a result, it is basically restricted by anti-monopoly laws and regulations in all countries of the world. Price discrimination is defined in Western economics as demanding different prices from different purchasers of the same commodity at the same time.

Week 5 / Knowledge Integration and Project Planning: Data, Inequality and Society (2022-2023) by blogadmin is licensed under a Creative Commons Attribution CC BY 3.0