In terms of perishability of a service, when demand is less than supply, revenue is lost because the firm has excess capacity.

Name: In terms of perishability of a service, when demand is less than supply, revenue is lost because the firm has excess capacity.
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In terms of perishability of a service, when demand is less than supply, revenue is lost because the firm has excess capacity, which means empty seats or space customers could occupy is not being used.

In Terms of Perishability of a Service, When Demand Is