Which of the following is a reason why airline yield management ...

[shenderson6]

Which of the following is a reason why airline yield management is an effective method to increase revenue?
 
  A) because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets
  B) because airlines have a monopoly in long-distance carriage
  C) because a ticket is a contract to transport a specific person, and is not transferable
  D) because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments

Question 2

A form of implicit collusion where one firm in an oligopoly announces a price change which is matched by other firms in the same industry is
 
  A) tit-for-tat pricing. B) follow the leader pricing.
  C) retaliation pricing. D) price leadership.

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[shenderson6]

Correct answers!

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