Question: Question 1: Although there is relatively little difference in the cost of producing hardcover and paperback books, famous authors with a large fan base such

of producing hardcover and paperback books, famous authors with a large fan

Question 1: Although there is relatively little difference in the cost of producing hardcover and paperback books, famous authors with a large fan base such as J. K. Rowling tend to release their new books first in hardcover at premium prices before the much cheaper paper version is released several months later. Explain this pricing behaviour. What are the other ways of separating or segregating consumers for the purpose of such pricing practices? Illustrate with THREE (31 specific examples in the real world

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