00:01
So here we're talking price discrimination and price discrimination, like discrimination is a very loaded word, but it means something very particular in economics.
00:10
It means charging different groups, different prices for the same good, right? you are splitting the market to charge people different prices for the same thing.
00:29
If you're charging them different prices for different things, there's nothing special about that at all.
00:34
So let's go through each of these.
00:38
We have sort of long distance v.
00:42
Weekend, right? this is absolutely price discrimination, right? yes, this is price discrimination.
00:50
The idea here is that business pays more, right? so we're discriminating between and discriminating doesn't mean we hate them.
01:05
It means we're splitting them in part.
01:06
So we're saying to the business people, you can you can pay more.
01:10
We're going to charge you a higher price because you have to make those calls during the day.
01:14
So it's not a because that is price discrimination...