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A Trial-and-Error Pricing is: None of the above Prices are set on the basis of what the guest expects to pay First sets a product

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A Trial-and-Error Pricing is: None of the above Prices are set on the basis of what the guest "expects" to pay First sets a product price, monitors guests' reactions, and then adjusts the price based on these reactions Managers using this approach rely on their regarding guests' reactions to prices

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