In the News
Tesco ends gender price differences for women's razors
Lots of people have got into a lather about this - the common practice of charging more for women's razor blades than for men.
Tesco has announced it is ending this example of price discrimination. They argue that economies of scale have helped explain some of the price difference. The much bigger volume of men's razors sold should in theory lead to lower long run average costs. But we shouldn't take that justification at face value!