What has cinema popcorn got to do with consumer surplus? Read this interesting article on how cinema operators try to capture your consumer surplus by selling you expensive popcorn:
http://www.tutor2u.net/blog/index.php/economics/comments/popcorn-and-price-discrimination/
This is linked to the topic of Price Discrimination which we'll learn later in the year when we study the monopoly.
Tuesday, February 26, 2008
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