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slightlyoff@toot.cafe ("Alex Russell") wrote:
I had an AP Econ teacher named Mr. Bates (no, really) and he was *incredible*. One of the best lessons he taught was on monopoly pricing power and how it allowed segmentation. His lens? The "mexican restaurant theory of pricing", in which he pointed out to a bunch of bratty midwestern know-nothings how the description and presentation of the same ingredients created competitively unsupportable margins.
Tonight, I had a flash of re-application...(thread)