After the deregulation of the airline industry, the new airlines ...

[MGLQZ]

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

[amcvicar]

Answer to Question 1

B

Answer to Question 2

False

[MGLQZ]

YES! Correct, THANKS for helping me on my review

[abro1885]

Thanks for the timely response, appreciate it