Lower prices are not always good things, as Walmart has discovered after pricing black Barbies at half the price of white ones, giving a new definition to the term “price discrimination.” Guanabee reports a shopper at a Louisiana Walmart discovered the price discrepancy. [More]
This is the same product sold at different prices. In one case, Dr. Leonards catalog sells the “Barber Magic” hair trimmer for humans is $12.99. But if you want to use it on a dog, it’s only $7.99. Freakonomics tells us this is an example of “price discrimination.” I’m just glad there’s now a less expensive option for getting out my burs, mats, and tangles.