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Prices are often set to satisfy demand or reflect the premium that consumers are willing to pay for

Prices are often set to satisfy demand or reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, however, at the thought of $2 bottles of water, $150 running shoes, and $500 concert tickets. Is the right price a fair price? What is your position on this debate?

 

Apr 25 2020 View more View Less

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