You are reading a single comment by @NickCJ and its replies. Click here to read the full conversation.
  • There is no loss of utility to anyone in my test scenario.

    TfL's revenue is lowered by the price of your ticket that you didn't buy. In the first instance you are reducing the group profit by the net amount of that loss of revenue. Then the second instance depends on the actions of TfL in response to making a lower profit, which could be a reduction in service quality or an increase in ticket prices to maintain revenue going forward.

    #studyingforaccountancyexams

About

Avatar for NickCJ @NickCJ started