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A comment on The Same Pill That Costs $1,000 in America Sells for $4 in India. Parent comment
Why are student movie tickets cheaper than general admission? The term for this is 'price discrimination'.
The short answer is because many Indians can't afford to pay $500, and many Americans can afford to pay more than $500.
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Why are student movie tickets cheaper than general admission? The term for this is 'price discrimination'.
The short answer is because many Indians can't afford to pay $500, and many Americans can afford to pay more than $500.