What Is the Idea Behind Odd-Even Pricing

question 198

Essay

What is the idea behind odd-even pricing?

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Definitions:

Relevant Market

The market in which a particular product or service is sold, considering the competition, substitutes, and area in which it operates.

Tying Agreements

Contracts where the sale of one good (the tying product) to a customer is conditional on the purchase of a second, distinct good (the tied product).

Branded Goods

Branded goods are products that are made by well-known manufacturers and carry a brand name or logo, distinguishing them from generic or no-name products.

Behavioralists

Researchers or theorists who study the effects of human behavior on decision-making processes, often in the context of economics or psychology.