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Teespring (Spring, Inc.) is an American company that operates Spring, a social commerce platform that allows people to create and sell custom products. [1] The company was founded in 2011 by Walker Williams and Evan Stites-Clayton in Providence, Rhode Island. [2] By 2014, the company had raised $55 million in venture capital from Khosla ...
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Lower prices (for some) than in a one-price monopoly. Even the lowest "discounted" prices will be higher than the price in a competitive market, which is equal to the cost of production. For example, trains tend to be near-monopolies (see natural monopoly). So old people may get lower train fares than they would if everyone got the same price ...
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Algorithmic pricing. Algorithmic pricing is the practice of automatically setting the requested price for items for sale, in order to maximize the seller's profits. Dynamic pricing algorithms usually rely on one or more of the following data. Probabilistic and statistical information on potential buyers; see Bayesian-optimal pricing.
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