Respuesta :
Since taking some economics classes and learning a little bit about how prices are established, I've seen how effectively pricing are set in this market whenever I enter a bookstore.
Those prepared to wait a year for the identical book to be released in a softcover will spend up to twice as much for it as customers who want to buy a new hardcover copy
. It is obvious that producing the hardback book did not cost the publishing corporation twice as much. Even if economies of scale would make the book's production less expensive as more copies were printed, that is not the main factor at work here.
They are engaging in second-degree pricing discrimination in this situation. Consumers separate themselves voluntarily.Others who care deeply about reading the book as soon as possible and those who are merely interested but not willing to spend top cash for it can be divided into two categories.
The publisher can then set two different pricing for essentially the same product for those two groups. Without turning away the casually interested, they may charge the ardent fan more.
Learn more about Price Discrimination- https://brainly.com/question/14969650
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