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Peak load pricing is a pricing strategy used in managerial economics where prices are set higher during periods of maximum demand and lower during periods of low demand. This approach is particularly relevant for industries where capacity is limited and cannot be easily increased to meet sudden surges in demand, such as electricity, transportation, telecommunication, and hospitality. The primary objective of peak load pricing is to manage _________ __________ __________ ____ _________ ______ _____ __________.
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