IM races sell out in a matter of minutes. Ergo, based upon supply and demand, the price isn't high enough. From an economics perspective, you'd want to maximize income by increasing the price to the point where it causes people to not sign up. If the last spot went a couple of weeks before the race, that would be ideal.
So, given the above, why doesn't WTC increase the prices of IM races? Increased entry fees could be used to pay the pros more (thus attracting more), provide more / better swag, be used to support start up venues or expand or, sigh, go into profits.
Anyway, the question is "why don't they increase fees?" Don't get me wrong, I don't want them to but from an economics perspective, why don't they.
BC Don
Pain is temporary, not giving it your all lasts all Winter.
So, given the above, why doesn't WTC increase the prices of IM races? Increased entry fees could be used to pay the pros more (thus attracting more), provide more / better swag, be used to support start up venues or expand or, sigh, go into profits.
Anyway, the question is "why don't they increase fees?" Don't get me wrong, I don't want them to but from an economics perspective, why don't they.
BC Don
Pain is temporary, not giving it your all lasts all Winter.