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Author Question: After the deregulation of the airline industry, the new airlines had a competitive cost advantage ... (Read 84 times)

MGLQZ

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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


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amcvicar

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


MGLQZ

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Kedrick2014

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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