What impact do pricing strategies have on welfare

Reference no: EM13186818

What impact do pricing strategies have on welfare? In other words, who loses, meaning what entities or groups, and who gains from pricing strategies? In what ways and to what extent do pricing strategies help efficiently allocate resources? Be specific about which pricing strategy you are referring to - price discrimination, cost-plus, or odd-pricing. Use concepts that you have learned throughout the semester, such as consumer and producer surplus, scarcity, and how companies decide where to price products and how much to produce, and how we as consumers decide at what price we will purchase a product and how much we will buy. This means thinking about marginal costs and benefits and revenue.

Reference no: EM13186818

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