At Any Given Airport, the Airlines Hold Long-Term Leases for Passenger

question 248

Multiple Choice

At any given airport, the airlines hold long-term leases for passenger loading gates.New gates cannot be added without approval of the airlines.Frequent flier programs are also common in the industry.It is, therefore, more difficult for a new airline to enter a given airport (market) .Such factors: (i) are called barriers to entry.
(ii) tend to decrease the contestability of the air travel market.

• A)i and ii
• B)i not ii
• C)ii not i
• D)neither i nor ii

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Definitions:

Control Group

A group in an experiment or study that does not receive treatment by the researchers and is then used as a benchmark to measure how the other tested subjects do.

Hypothesis

Tentative explanation of a phenomenon based on observations.

Psychology Goals

Aims to understand the complexities of human and animal behavior and mental processes through rigorous research and applied practices.

Predict

The act of forecasting future events or conditions based on current knowledge or data.