Prices are often set to satisfy demand or to reflect the


Prices are often set to satisfy demand or to reflect the premium consumers are willing to pay for a product or service. Some critics shudder at the thought of $2 bottles of water, $150 running shoes, and $500 concert tickets.                  

Take a position:

Prices should reflect the value that consumers are willing to pay

Prices should reflect only the cost involved in making a product or delivering a service.

please include a properly referenced citation from at least one scholarly source using APA format.

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Operation Management: Prices are often set to satisfy demand or to reflect the
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