The effects of airline deregulation in the early to mid-1980s included all of the following except the
a. dropping of unprofitable routes
b. development of the hub-and-spoke system
c. establishment of new commuter lines
d. raising of airline fares
e. bankruptcy of some airlines
D
Economics
You might also like to view...
If a pharmaceutical firm is researching ways to improve its heartburn medicine and discovers a technique that will improve its allergy medicine, one could conclude that economies of scope exist in that industry
Indicate whether the statement is true or false
Economics
On a part of the demand curve where the price elasticity of demand is less than 1, a decrease in price:
a. is impossible. b. will increase total revenue. c. will decrease total revenue. d. raises the price elasticity of demand. e. decreases quantity demanded.
Economics