Question: Watch the following video and answer the question below: https://www.youtube.com/watch?v=cTqonQ0UpL0&feature=youtu.be&utm_source=EX&utm_ medium=Video&utm_campaign=MRUEmail&utm_content=There%27s-No-Such-Thing-AsFancyVodka%252525257CPlanet%2525252520Money%252525257CNPR&__s=2oc8halfeuhyhq4vi3 c2 a. Why is Grey Goose vodka so much more expensive than its competition?

Watch the following video and answer the question below:

https://www.youtube.com/watch?v=cTqonQ0UpL0&feature=youtu.be&utm_source=EX&utm_ medium=Video&utm_campaign=MRUEmail&utm_content=There%27s-No-Such-Thing-AsFancyVodka%252525257CPlanet%2525252520Money%252525257CNPR&__s=2oc8halfeuhyhq4vi3 c2

a. Why is Grey Goose vodka so much more expensive than its competition? Explain using the economics you learned in the video and this lecture.

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