You run a passenger rail transportation company. Y...

You run a passenger rail transportation company. You realize there isa large range of prices you can set for tickets depending on a varietyof factors, including when passengers buy their tickets, whether they choose to purchase a meal, when they travel, and so forth. Whatprinciple is your company taking advantage of and how does it work toyour company’s benefit? How else could you maximize the benefits ofthis principle to increase profits?


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