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Many airline frequent-flier programs upgrade elite (high-volume) flyers one, three, or five days in advance from economy to first class. What are the differential costs

Many airline frequent-flier programs upgrade elite (high-volume) flyers one, three, or five days in advance from economy to first class.

What are the differential costs of doing this?

What are the opportunity costs?

What are the opportunity costs of not doing this?

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