Clip URL: https://criticalcommons.org/view?m=DOrqvguqW

Concepts: Price discrimination, price strategies

Background: When Assane was a teenager, Claire needed a violin for her recital. To rent a violin for one day, it would cost 350 francs, or 1,500 francs for one week.

Question: Why is the owner offering to rent the violin for a week for less than 2,450 francs (350 x 7 )?