Groinificator

Groinificator t1_iy4kvwm wrote

Was in econ class waiting for the lecture to start when I saw this so I asked my professor about it. He says he suspects it's the brand is wary of falls in demand and perhaps government regulation, and that the last thing a firm wants to do is lower their prices. Things like freezing prices or offering discounts are ways for firms to offer a lower actual price while keeping the nominal price the same, which is good.

If that didn't make sense I honestly didn't understand it too much either, but I think the main thing is that last bit.

1