Traditional Culture Encyclopedia - Travel guide - Please help me explain the reasons for the high price of tourist attractions from an economic point of view. thank you
Please help me explain the reasons for the high price of tourist attractions from an economic point of view. thank you
First of all, if the tourist attractions are in mountainous areas or some places where traffic is underdeveloped and transportation is difficult, the cost is relatively high, so the price is also high.
Secondly, most tourist attractions belong to monopoly industries, and only a few businesses have little competition in supply. However, due to the large number of suppliers and great competition, the external market is close to completely competitive manufacturers. As we all know, the price of maximizing the profit of manufacturers in monopoly market is higher than that in competitive market, so the price of tourist attractions is high.
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