Tuesday, October 28, 2008

Fact of the Week and the Last Crusade

Fact of the Week Boys and Girls!!

In the lobby of a Hyatt hotel, a one-day pass for wireless Internet connection cost $10.95. Not cheap, but standard for nice hotels. In the hotel’s ballroom, however- where corporate conferences are typically held-a one-day pass costs $300. Economists refer to such a scenario as price discrimination. Economists also refer to this as some ol’ Bullsh**.

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