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Bubble Gum and Pricing

Posted By: OrangeSoda

pricing, product

Ready for a second grade story problem?  Oh, good.  Let’s say you buy a few packs of delicious bubble gum for fifty cents each.  Should you sell them to your friends for 75 cents or for a dollar?  This may seem like a no-brainer: charge as much as you can and laugh all the way to the bank.  But let’s say there…