8. The following table gives the round-trip airfares from Los Angeles to New York offered by United...

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8. The following table gives the round-trip airfares from Los Angeles to New York offered by United Airlines.

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Explain why United might want to charge different prices for the same route. Why are there minimumstay requirements and cancellation penalties?

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Principles Of Microeconomics

ISBN: 9784492370292

6th Edition

Authors: John B. Taylor, Akila Weerapana

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Question Posted: Nov 05, 2024 04:00 AM

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8. The following table gives the round-trip airfares from Los Angeles to New York offered by United Airlines. Explain why United might want to charge different prices for the same route. Why are...
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8. The following table gives the round-trip airfares from Los Angeles to New York offered by United...

Question:

Price Advance Purchase Minimum Stay Cancellation Penalty $418 14 days Overnight 100% on Saturday $683 3 days Overnight 100% on Saturday $1,900 None required None required None

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Principles Of Microeconomics

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