Please choose one of the following two prompts to answer in your discussion form post and follow the instructions below:Chapter 4 Discussion TopicIn the following podcast from NPR’s Planet Money, Kid Rock discusses how his pricing strategy is an attempt to remove scalpers from the ticket equation. Please listen to the podcast and answer the following questions:What do think about Kid Rock’s strategy?What is the economic rationale behind what he is doing?Is this a better approach than having his concerts sell out quickly?NPR Planet Money Podcast, June 23, 2013, npr.org (Links to an external site.)ORChapter 5 Discussion TopicWatch the following video about Price Gouging:Price Gouging – Stossel in the Classroom (Links to an external site.)Price gouging VideoWhat are the pros and cons of price gouging?From an economic point of view, what is the role of price gouging in markets?Are there instances in which price gouging is an acceptable practice?Why or why wouldn’t price ceilings work in situations of natural disasters?**Please note that you must post your response to the discussion question before you will be able to see other students’ replies.Discussion InstructionsYou will not be able to see other students’ replies until you post your response to my question. Type your initial response to my question in substantially more than eight sentences (minimum 200 words) by Saturday evening at 11:59 pm Pacific Time, then read through the other entries and post a thoughtful question to at least one classmate who does not have a thoughtful question by Saturday evening at 11:59 pm Pacific Time. Then, by Sunday night please write a one paragraph (4+ sentences) response to another student’s thoughtful question about your post. If you do not receive a thoughtful question about your post by Sunday morning, you may write a second thoughtful question to a student who does not have one to count as your third post. If you are posting late, you must wait 24 hours before posting a second thoughtful question to another student in order to allow other students time to ask a thoughtful question about your post.Please use professional grammar and punctuation in this college level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.SummaryFirst two posts due by Saturday evening at 11:59 pm Pacific Time
