After the deregulation of the airline industry, the new airlines had a competitive cost advantage over the older ones as:
a. they could practice price discrimination.
b. they did not bear any legacy cost.
c. they enjoyed economies of scale.
d. they had to pay lower fuel surcharge.
B
You might also like to view...
Issuing marketable emission allowance permits to polluting firms will result in those firms polluting more than would be desired by the benevolent social planner
Indicate whether the statement is true or false
A factor determining the supply of U.S. dollars in the foreign exchange market is the
A) expected future exchange rate. B) expected future interest rate in the United States. C) U.S. supply of exports. D) expected future interest rate in foreign countries.
Lower tariffs and quotas cause a country's currency to ________ in the ________ run, everything else held constant
A) depreciate; short B) appreciate; short C) depreciate; long D) appreciate; long
The phenomena of unemployment, discouragement, marginal attachment, and underemployment combine to form the concept of "subemployment."
Indicate whether the statement is true or false