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What is important about the Fair Pricing price and when would it be used instead of...

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Economics

What is important about the Fair Pricing price and when would itbe used instead of the Social Optimal price?

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4.2 Ratings (878 Votes)
Dear StudentBelow is the answer to your question In commercial area the price has a major importance beingfrequently considered among the main criteria used in buyingdecision process Price fairness derives from equity theory and itis focused on assuring in a transaction a reasonable report betweenthe customers sacrifice and the value offered by the seller Inthree marketing experiments we have evaluated customers fairnessperceptions of differential prices this tactic being frequentlyused by sellers One important finding    See Answer
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