Get expert LSAT preparation and law school admissions advice from PowerScore Test Preparation.
Adam Tyson wrote: ↑Sun Aug 02, 2020 11:27 am Happy to, w35t! The author argues that when pricing an exclusive item for sale, the seller should err on the side of overpricing it rather than underpricing it. His reason is that underpricing it will weaken the "exclusive" appeal of the product, and overpricing it does not have that problem. Thus, the author's grounds are that his strategy is better because it "lacks a counterproductive feature" that comes with the strategy of underpricing. Overpricing won't have the same negative impact that overpricing would have.