2 ms·
If he could easily double the number of customers, it means the current price is below equilibrium. Why doesn't he charge more?
by ido 17y ago
If he could easily double the number of customers, it means the current price is below equilibrium.
Why doesn't he charge more?
- rdtsc 17y agoI think it goes beyond pure numbers when dealing with a small business. There are personal relationships at stake. Overestimating the price risks alienating regular customers and that could kill a small business.