Coffee, Tea, or Tuition Fee?
Amazon.com is one example of many internet companies that practices price discrimation to increase profits. Price discrimination is illegal under some circumstances and seems like it would benefit the seller only but it
Keeping the Competition Out When competition is kept out of a firm, profits rise. Competition is kept out by reducing the number of firms in an industry, therefore less supply of the good = high price. Losers are consumers because they have to pay hi
College Costs Over the past three decades the cost of college education has tripled, not because the education has bettered but because the value of education has risen. There are so many colleges and universities in the US that it is a monopolistic
When one is in a traffic jam, the price of the scarce good of highway travel is zero in terms of money but time is the cost. When utilizing highway travel there are the personal costs of the driver such as fuel price, wear and tear