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Explain what is meant by a dichotomy of demand

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Reference no: EM132741717

1. Explain what is meant by a dichotomy of demand and supply in airline economic analysis.

2. Defend the use of overbooking by airlines.

3. Explain what "differential pricing" is. Explain how it increases revenue in relation to passengers' willingness to pay.

Reference no: EM132741717

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