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Some vending machines on college campuses sell identical items, such as the same bags of potato chips, for two different prices. The low-priced chips generally
Some vending machines on college campuses sell identical items, such as the same bags of potato chips, for two different prices. The low-priced chips generally sell out by the end of the day, leaving the more expensive chips for late-night visitors to the vending machines. What must the vending machine operators think about the demand of people who visit the machine at night relative to those who visit the machine during the day? Why might they think this
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