Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what is important about the fair pricing price and

What is important about the Fair Pricing price and when would it be used instead of...

50.1K

Verified Solution

Question

Economics

What is important about the Fair Pricing price and when would itbe used instead of the Social Optimal price?

Answer & Explanation Solved by verified expert
4.2 Ratings (878 Votes)
Dear StudentBelow is the answer to your question In commercial area the price has a major importance beingfrequently considered among the main criteria used in buyingdecision process Price fairness derives from equity theory and itis focused on assuring in a transaction a reasonable report betweenthe customers sacrifice and the value offered by the seller Inthree marketing experiments we have evaluated customers fairnessperceptions of differential prices this tactic being frequentlyused by sellers One important finding    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

RETL 261 –FINAL EXAM PROBLEMSFINANCIAL STATEMENTSThe Trial Balance for Greengrass Lawn Care Company after...RETL...

Accounting
Q

The SAT is the most widely used college admission exam. (Most community colleges do not require...

Basic Math
Q

State and explain the different stages involved in refining the grain structure of metallic powders using...

Mechanical Engineering
Q

be constructed from a square sheet of plastic by removing a of side 3 inches...

Basic Math
Q

The cost to remove a toxin from a lake is modeled by the function C(p)...

Basic Math
Q

Let B be the event that a randomly chosen person has low blood pressure. Let...

Statistics
Q

550 a sec x dx dx 1 x x c 15 3 Find the area...

Calculus
Q

An investment of $185,575 is expected to generate returns of $65,000 per year for each...

Accounting
Q

Think of a business that you might want to start or be a part of...

Accounting
Q

Please respond with 5 answers, one per box. Thank you. Show all...

Accounting
Q

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...

Accounting
Q

What is the budgeted fixed overhead application rate for June? What is the direct materials...

Accounting