Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
Tidy Tidy
wrote...
Posts: 4852
8 years ago
A study conducted by economists at the University of Chicago found that when Southwest Airlines begins flying a new route, ticket prices on other airlines for that route ________, indicating that airlines ________.
A) stay relatively unchanged; may begin practicing implicit price collusion when Southwest enters a market
B) drop by an average of 29 percent; may have been practicing implicit price collusion before Southwest's entry into the market
C) rise by an average of 65 percent; know they can practice implicit price collusion once Southwest announces it is entering a market.
D) first drop and then rise back to their original levels; temporarily stop practicing implicit price collusion until Southwest becomes established, then return to their collusive pricing strategies
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 226 times
2 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
Replies
Answer verified by a subject expert
Chimelo46Chimelo46
wrote...
Top Poster
Posts: 5641
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
8 years ago
Happy to assist!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  880 People Browsing
 106 Signed Up Today
Related Images
  
 1479
  
 503
  
 772
Your Opinion
Do you believe in global warming?
Votes: 370

Previous poll results: Who's your favorite biologist?