Is the gym ripping me off: An Economic perspective

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Sep 10, 2019

∙ Paid

Last week I re-joined gym with Les Mills, as my previous fitness club (Revive) got shut down. The amenities provided and the corresponding higher price charged by Les Mills made two things come to mind:

Why are the prices different between these gyms?
Are they "extracting surplus" from me - in other words overcharging me?

To think about this, I want to tal…

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