Briefly explain how the company uses dynamic pricing
Problem: Select a company that uses (or has used) dynamic pricing. Briefly explain how the company uses dynamic pricing. What are the benefits and drawbacks of dynamic pricing for a particular company?
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In the Woody Allen film Radio Days, a character who has never been successful in business decides to start a career engraving gold jewelry.
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Select a company that uses (or has used) dynamic pricing. Briefly explain how the company uses dynamic pricing. What are the benefits and drawbacks of dynamic pricing for a particular company?
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In general, are emissions standards or fees preferable to address the pollution externalities problem? Discuss circumstances under which fees would be preferred, and when setting a standard would result in a better social welfare outcome.
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