Types of Price Discrimination
Price discrimination may be (a) personal. llJ) local. or (c) according to trade or use. It is personal when different prices are charged from different persons. It is local when the price varies according to locality (e.g dumping) . -Discrimination is according to use when different prices are charged according to the uses to which the commodity is put, e.g., electric current is usually sold cheaper for industrial uses than for domestic purposes. Sometimes the monopolist products product differentiation by means of special labels and charges different prices for the differentiated products