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Title: For many years a restaurant is the only operation located on the ocean. They can charge premium ... Post by: spruckj on Jun 12, 2020 For many years a restaurant is the only operation located on the ocean. They can charge premium prices, as guests love the view. Four more restaurants open on the same beach. What economic principle will dictate what premium guests may now be willing to pay for the view?
▸ Law of supply and demand ▸ Trend or fad of new operations ▸ Location, location, location ▸ Incremental revenues Title: For many years a restaurant is the only operation located on the ocean. They can charge premium ... Post by: sliceofoctopi on Jun 12, 2020 Content hidden
Title: Re: For many years a restaurant is the only operation located on the ocean. They can charge premium ... Post by: Ryan Rourke on Nov 16, 2020 Thanks
Title: Re: For many years a restaurant is the only operation located on the ocean. They can charge premium ... Post by: Ernest Goode on Feb 20, 2022 thank you
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