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  • Two-part tariff


    A two-part tariff (TPT) is a pricing technique in which the price of a product or service is composed of two parts - a lump-sum fee as well as a per-unit charge. In general, such a pricing technique only occurs in partially or fully monopolistic markets. It is designed to enable the firm to capture more consumer surplus than it otherwise would in a non-discriminating pricing environment. Two-part tariffs may also exist in competitive markets when consumers are uncertain about their ultimate demand. Health club consumers, for example, may be uncertain about their level of future commitment to an exercise regimen. Depending on the homogeneity of demand, the lump-sum fee charged varies, but the rational firm will set the per unit charge above or equal to the marginal cost of production, and below or equal to the price the firm would charge in a perfect monopoly. Under competition the per-unit price is set below marginal cost.

  • SoulCycle


    SoulCycle is a New York City-based fitness company with studios in 15 U.S. states and 3 studio locations in Canada. Founded in 2006, it offers indoor cycling (Not to be confused with "spinning") workout classes. As of June 2018, SoulCycle has 88 studios in the United States and Canada. Ruth Zukerman in July 2018

  • GoodLife Fitness


    GoodLife Fitness in TorontoGoodlife Fitness Centres Inc. is the largest health club company in Canada with over 300 locations across the country.

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