Underage Drinking: A National Concern

Media Type: TV Clips Topic: Incentives, Pricing, The Firm

It's Always Sunny in Philadelphia

The gang suddenly finds that their normally vacant and unprofitable bar overrun with underage drinkers. The gang exploits the inelastic demand from the underage drinkers by watering down the drinks to make more profit. I have found this to be a great discussion starter about inelastic demand, incentives, and short-run profits. 

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