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A flight has one seat left. The full-fare tickets are priced at $900 and the discount tickets are priced at $400. The airline estimates that

A flight has one seat left. The full-fare tickets are priced at $900 and the discount tickets are priced at $400. The airline estimates that the probability of selling full-fare customers is 60%. To maximize the expected revenue, should the airline sell the seat at the discount price?

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