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**.
Tuesday, October 28, 2008
Fact of the Week and the Last Crusade
Fact of the Week Boys and Girls!!