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Willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy one unit of a product. This corresponds to the standard economic view of a consumer reservation price. Some researchers, however, conceptualize WTP as a range. According to the constructive preference view, consumer willingness to pay is a context-sensitive construct; that is, a consumer's WTP for a product depends on the concrete decision context. For example, consumers tend to be willing to pay more for a soft drink in a luxury hotel resort in comparison to a beach bar or a local retail store.

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We couldn't find any anagrams for the word willingness to pay.

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willing, willinghearted, willinghood, willingly, willingness, williwaw, willmaker, willmaking, willness, willock

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"willingness to pay." Anagrams.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.anagrams.net/willingness%20to%20pay>.

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