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| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Many country clubs and professional sports teams use a creative pricingÂ
strategy for memberships in the case of country clubs or seating in theÂ
case of professional sports. For example, the Country Club of York, inÂ
York, PA, charges members a one-time initiation fee of $22,500 and thenÂ
charges monthly dues of $400. For top of the line season tickets atÂ
M&T Bank Stadium, the Baltimore Ravens charge fans a one-time fee of
$8,000 for a personal seat license and then $1,250 per game. How doÂ
pricing structures like these relate to the concept of consumer surplus?
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