Luxottica (Optical retailer) is a real-world example of a price discriminator that most closely resembles the ideal academic description of a price discriminating monopolist
Businesses and sellers utilise price discrimination as a competitive pricing tactic. Price discrimination occurs when different customers are charged different prices for the same good or service. Larger, more established companies frequently use it to capitalise on variations in consumer demand and supply. Any form of price discrimination can be a profitable and effective tactic.
Price discrimination tactics are employed by numerous businesses, including the airline, entertainment, and pharmaceutical sectors. Price discrimination examples include giving out coupons, giving out certain discounts (like age discounts), and setting up loyalty programmes. The airline sector offers one instance of price discrimination. When booking plane tickets in advance, buyers often spend less than those who wait until the last minute. Airlines increase ticket costs when a certain flight is in high demand.
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