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Unformatted text preview: business. 2.3- Process of understanding consumer behavior in order to maximize revenue or profit from a fixed resource. Airlines. 2.4- Each consumer would have to pay a price equal to the consumers willingness to pay and therefore would receive no consumer surplus. No, it would not happen because its not economically right. Not is not efficient....
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This note was uploaded on 01/05/2012 for the course ECON 200 taught by Professor Dr.frank during the Spring '10 term at Wingate.
- Spring '10