In your response to the following essay question, you should provide a text of at least 10 lines.

Please summarize, analyze, and comment on an economic theory learned while covering Pricing Strategy.

In order to provide a high-quality response, you should incorporate into your response some economic knowledge acquired in this class, analyze it, and relate some real world and practical application of that economic theory.

You should also provide your opinion on the viability of the economic theory discussed and provide some recommendations as to how you believe that the application of that economic theory could improved upon.