After the Deregulation of the Airline Industry, the New Airlines

question 1

Multiple Choice

After the deregulation of the airline industry, the new airlines had a competitive cost advantage over the older ones as:

• A)they could practice price discrimination.
• B)they did not bear any legacy cost.
• C)they enjoyed economies of scale.
• D)they had to pay lower fuel surcharge.

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Definitions:

Lower Self-Esteem

A condition where an individual holds a diminished or negative view of their own worth or abilities.

Common Identity

A shared sense of belonging or identity among members of a group, community, or culture that unites them and distinguishes them from others.

Common Bond

A shared connection or interest that unites members of a group or community.

Entitativity

The degree to which a group is perceived as being a coherent, unified entity.