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The Disneyland example can't be blamed on wealth inequality right? Disneyland can only host some number of people at the same time, if we were all billionaires,
by czhu12 4y ago
The Disneyland example can't be blamed on wealth inequality right? Disneyland can only host some number of people at the same time, if we were all billionaires, it still wouldn't expand the capacity of Disneyland.
- bombcar 4y agoIf Disneyland today can fit 100 guests (example numbers) and there are 50 willing to pay $100 for a ticket and everyone else will pay $10, the optimal pricing will be somewhere below $100 to fill the park. If there are 500 willing to pay $1k for tickets, they should charge $1k or more. The others are now priced out.