Evaluate the allocation methods used by each hair salon in Problem 1 in terms of the “fair results” and the “fair rules” approaches.

Problem 1

At LeHair, a hair salon in Paris, reservations forhaircuts are essential. At LoulouHair, a hairsalon in the outskirts of Paris, reservationsare recommended. At Coupe au Carré, a hairsalon in Provence, reservations are notaccepted.Do the three hair salons make use of the marketprice to allocate scarce resources? How do themethods of allocating their resources used by thethree salons differ?