Question: One leading explanation for odd pricing is that it allows firms to trick buyers into thinking they are paying less than they really are. If
One leading explanation for odd pricing is that it allows firms to trick buyers into thinking they are paying less than they really are. If this is true, in what types of markets and among what groups of consumers would you be most likely to find odd pricing? Should the government ban this practice and force companies to round up their prices to the nearest dollar?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
