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Describe why an airline might choose to implement an overbooking policy.
Consumers
Individuals or entities that purchase goods or services for personal use or consumption rather than for resale or production.
Evade Regulation
The act of avoiding compliance with laws and rules, typically through loopholes or other indirect methods, often to gain competitive advantage or reduce costs.
Vertical Relationships
Connections between companies or entities at different stages of the supply chain, such as producers and distributors.
Regulated Good
A product or service that is subject to governmental controls and restrictions.
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