Describe the method of allocating scarce table resources


Problem

At West, a restaurant in Vancouver, reservations are essential. At Cibo, a restaurant in downtown Vancouver, reservations are recommended. At Vij's, a restaurant near the University of British Columbia, reservations are not accepted. Describe the method of allocating scarce table resources at these three restaurants. Why do you think restaurants don't use the market price to allocate their tables?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe the method of allocating scarce table resources
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