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But while companies like airlines and hotels have long used machines to set their prices, pricing systems have evolved.
Right to buy is a contributory factor in surging property prices, pricing out young people: home ownership in the younger generation has plummeted over the past decade.
Differences between dairy and meat farmers therefore not only reflected organizational heterogeneity, but were inevitably affected by global market prices, pricing conditions of cooperatives, and the profitability pressures on farms.
Given the many difficulties around setting tiered prices, pricing through competition offers clear advantages.
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Prices: Prices vary by vendor.
"State-controlled prices — prices that are set below market-clearing price — always result in shortages.
Despite the uncertainty in prices, prices are generally expected to grow with time.
"State-controlled prices – prices that are set below market-clearing price – always result in shortages.
Excluding food and energy prices, prices were in line with the 4.2% expected by analysts.
Excluding the relatively volatile food and energy prices, prices rose 0.2%.
In general, agricultural producers respond to own and competing output prices, input prices, price volatility, and other variables (Chavas and Holt 1990; Coyle 1993).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com