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However, Herzog notes that the relative price gap between Marlboro to the lowest effective cigarette on the market has widened over the last few quarters
At that time, cigarette export operations mainly relied on the Native Produce Import and Export Corporation and were limited to sales in Hong Kong and Macau
[**] OLS estimation produces similar estimates to the ML estimates presented here, however, ML estimation is preferred due to its robustness to distributional assumptions regarding the error term
64 Buyology: Truth and Lies About Why We Buy
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