Airline Regulation from 1938 to 1978 Was Successful in Keeping

question 241

Multiple Choice

Airline regulation from 1938 to 1978 was successful in keeping prices high because:

• A) it controlled price, but not entry into the airline market.
• B) it controlled both price and entry into the airline market.
• C) it listened to the requests of suppliers during this time at the expense of consumers.
• D) of declining production costs.

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Definitions:

Return On Investment (ROI)

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of the investment by its cost.

Residual Income

The net income that an investment earns beyond the minimum rate of return.

Margin

Generally refers to the difference between the selling price and the cost of a product or service, often expressed as a percentage of the selling price.

Customer Service Department

A department in an organization responsible for managing questions, assisting customers with problems, and offering details about the company's products or services.