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Home Q & A Board Other Fields Homework Help Business Economics
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stars_and_moon stars_and_moon
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7 years ago
Because of an increase in the price of airline fuel, the marginal cost of providing airline flights increases.  If the airline industry is correctly modeled by the ________ model of oligopoly behavior, the price of airline tickets will not change even though marginal cost has changed.
A) price leadership
B) contestable market
C) kinked demand
D) dominant firm with competitive fringe
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kingbykingby
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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