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2 weeks ago
Which of the following is a reason why airline yield management is an effective method to increase revenue?

• because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments

• because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets

• because a ticket is a contract to transport a specific person, and is not transferable

• because airlines have a monopoly in long-distance carriage
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Microeconomics
Edition: 7th
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2 weeks ago
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because a ticket is a contract to transport a specific person, and is not transferable
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