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Consider an airline with 390 potential customers (seats) - the number willing to pay at least the airline's $100 variable cost and the maximum willingness
Consider an airline with 390 potential customers (seats) - the number willing to pay at least the airline's $100 variable cost and the maximum willingness to pay is $3900. Calculate the price points for the airline company, if it can only set 3 prices. The highest price at which the tickets should be sold is?
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To determine the optimal pricing strategy for the airline company we can use the approach of price d...
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
