Consider the example of the railway company given earlier in this chapter and now suppose that on
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Consider the example of the railway company given earlier in this chapter and now suppose that on a different route, demand follows a continuous uniform distribution with minimum demand equal to 140 seats and maximum demand equal to 280 seats.
If a full- fare class ticket costs NOK 499 on this route compared with NOK 399 for a discounted class ticket, determine the optimal protection level for the full- fare class segment following Littlewood’s rule.
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