Author Question: After the deregulation of the airline industry, the new airlines had a competitive cost advantage ... (Read 63 times)

MGLQZ · **on:** Jun 30, 2018

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.

Question 2

If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, it should decrease the level of production.
a. True
b. False
Indicate whether the statement is true or false