I can barely justify spending $20 at the movies.
I can barely justify spending $20 at the movies.
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I’d like to know who is buying these packages.
More importantly, how many?
In economics we learned that there is a perfect price for every product. If you charge too little, you don’t cover your costs. If you charge too much, the volume of sales drop more than the increase in margins.
It is difficult to imagine that you don’t diminish your sales volume far more than you can recover from the higher prices.
Some of the other factors that we learned about in economics with the best price graph were demand and competition.
The demand is not extremely high for an entertainment item. However, there is very little competition to the NFL except ‘college football’.