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for them to pirate. Three offsetting pricing mechanisms occur: skimming, compressing price changes, and delaying product …
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for them to pirate. Three offsetting pricing mechanisms occur: skimming, compressing price changes, and delaying product …
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Suppose that consumers incur fixed shopping costs and choose stores according to advertised discounts. Then, the extent to which a store will discount advertised items should increase with the profit from other regularly-priced items. Bookstores customarily advertise discounts on bestsellers....
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