The act that makes it unlawful to discriminate in prices charged to different purchasers of the same product is called Price Discrimination.
- Price discrimination is a microeconomic pricing strategy in which the same provider sells identical or nearly similar goods or services at different prices in various marketplaces. Price discrimination is classified into three types: first-degree, second-degree, and third-degree price discrimination.
- Price discrimination occurs when different customers are charged different prices for the same commodity or service. Price discrimination is prohibited under the Sherman Antitrust Act, the Clayton Antitrust Act, and the Robinson-Patman Act where the aim is to hurt competitors.
- Price discrimination is a sales strategy in which the seller charges different prices for the same product or service depending on what the vendor believes the buyer will accept. In pure price discrimination, the supplier charges the greatest possible price to each consumer.
Thus this is called Price Discrimination.
To learn more about Price Discrimination, refer: https://brainly.com/question/25565797
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