As Southwest Airlines Began Operating at Various Airports Around the Country

question 151

Multiple Choice

As Southwest Airlines began operating at various airports around the country:

• A) prices at those airports decreased and the number of passengers using them increased dramatically.
• B) market power became more concentrated, leading to higher fares and fewer flights.
• C) consumer surplus and the deadweight loss increased.
• D) consumer surplus decreased and the deadweight loss increased.

Distinguish between internal and external reports and their implications.

Recognize the components and significance of a business plan.

Understand the roles of direct and indirect approaches in business communication.

Identify and explain the process of problem factoring in business analysis.

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Definitions:

Crystallize

The process by which a solid forms, where the atoms or molecules are highly structured in a pattern known as a crystal lattice.

Olivine

A green iron-magnesium silicate mineral that composes much of the upper mantle and also occurs in mafic and ultramafic igneous rocks.

Plagioclase

A very common rock-forming feldspar mineral that contains sodium, calcium, or both elements.

Crystallization

The process by which a solid forms, where the atoms or molecules are highly structured in a pattern extending in all three spatial dimensions.