Economics
Question 1
Monopoly sellers know how the discounted rates of contingent upon the mail-in rebate would help the have additional buyers and sales and the standard price that is related to the rebate. This manner will help them the monopoly sellers to sell products at a standard price and have the honour of the mail in the rebate for the individuals that will take time to send mail to the rebate (Crapis, Ifrach, Maglaras, at el., 2017)
Question 2
The traditional economic model will find it tough to elaborate on the reason people draw attention to weight loss camp since currently, the economic model is rooted in convenience and ease. It shows an average person can perform a lot of tasks that will allow him through the app or watching a video without payments. It will not be feasible for people would take a couple of time and traditional expenses to pay for things that they are able to access especially from the comfort of their home (Kalinowski,2015). Through this method, new model outshines the traditional model that deals mainly in operation without ensuring client convenience of purchasing goods. Some companies can use price discrimination for marketing their goods and services in the future.
Reference
Crapis, D., Ifrach, B., Maglaras, C., & Scarsini, M. (2017). Monopoly pricing in the presence of social learning. Management Science, 63(11), 3586-3608.Retrieved from: https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2016.2526
Kalinowski, S. (2015). Price Discount for the Increased Order as a Cooperative Game in Bilateral Monopoly. Economics & Sociology, 8(3), 108.Retrieved from: https://search.proquest.com/openview/7eb6f1bc66ab1cbc2ff7d226cb0f4c88/1?pq-origsite=gscholar&cbl=1416337