Over the past few years, airlines have tended to compete in the market for intercontinental business class travelers on the basis of:
A) price.
B) cost.
C) timeliness of their flight schedules.
D) amenities.
D
You might also like to view...
If a firm's short-run average cost curves are u-shaped, does this imply that the long-run average cost curve must also be u-shaped?
What will be an ideal response?
A decrease in supply will cause a surplus at the original market price
a. True b. False Indicate whether the statement is true or false
If employment grows faster than the population as a whole, then output per capita can increase faster than productivity per worker
Indicate whether the statement is true or false
U.S. industries like steel, computers, and energy need to be protected from foreign competition to ensure which of the following?
(A) The protection of these industries as they develop. (B) The presence of these industries during a crisis. (C) The incentive for these industries to become more efficient. (D) The economic advantages caused by their production.