Predatory pricing is the illegal business practice of setting prices for a product unrealistically low in order to eliminate the competition. Predatory pricing violates antitrust laws, as its goal is to create a monopoly.
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Price discrimination refers to charging different customers different prices for the same good or service. The Sherman Antitrust Act, Clayton Antitrust Act, and Robinson-Patman Act outlaw price discrimination when the intent of that discrimination is to harm competitors.
Price discrimination can be harmful if it is costly to impose and reduces consumer surplus in the short run without a sufficient compensating effect. Such compensating effects might include expanding the market, intensifying competition, preventing commitment to maintain high prices, or incentivising innovation.