3 ms·
That's not necessarily true. Like with pricing anything else, the maximum total revenue is at a price that's neither 'too low' or 'too high'. And the residents
by aeorgnoieang 7y ago
That's not necessarily true. Like with pricing anything else, the maximum total revenue is at a price that's neither 'too low' or 'too high'. And the residents of Venice seem willing to forego some revenue for less tourists anyways.
- Gimpei 7y agoExactly. Artificially reducing the supply of diamonds doesn't reduce profit. It increases it.