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by mikeash
5284 days ago
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This happens at a smaller scale all the time, too. One example that stood out at me was my local grocery store's store-brand salsa (which is surprisingly good). Used to go for $2/bottle. After a while, they bumped the price up to $3/bottle, and then put it "on sale" for $2/bottle. No idea if it increased sales at all, but that "sale" has been a permanent fixture ever since. People's perception of prices can be really malleable, so it can pay off a lot to have a high price in a location where people will be expecting the price to be better than usual. |
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