In the airline industry, tit-for-tat strategies have frequently led to
a. reciprocal hiring practices
b. cost-reducing innovations
c. profit-destroying price wars
d. pricing policies that encouraged the entry of new firms
e. profit-enhancing wage bargains
C
You might also like to view...
A decrease in the interest rate, other things constant, will: a. shift the supply of loanable funds curve to the left. b. shift the supply of loanable funds curve to the right. c. decrease the quantity of loanable funds demanded. d. decrease the quantity of loanable funds supplied
e. shift the demand for loanable funds curve to the right.
Which of the following is not a question that economists try to answer when measuring the distribution of income?
a. How many people live in poverty? b. How often do people receive a raise at work? c. How often do people move among income classes? d. What problems arise in measuring the amount of inequality?