Topic is Pricing Decisions

Select a topic studied from weeks 5-7. Each person should select a different topic. State your topic as your thread title. Give a brief summary about your topic including terminology and formulas. Material copied straight from the text or other sources will not receive credit, even if properly cited. The summaries are to be in your own words. (My reasoning for not allowing you to use citation; a person has a greater degree of mastery of a concept if they can talk about that concept in their own words.)