Airlines Often Engage in Last-Minute Price Cutting to Fill Remaining

question 41

Multiple Choice

Airlines often engage in last-minute price cutting to fill remaining empty seats on a flight because this practice will generally

• A)prevent rival airlines from competing in that market.
• B)increase marginal revenue more than marginal cost.
• C)maximise marginal revenue.
• D)discourage rivals from matching price cuts.

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Definitions:

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, notable for not having flowers or fruit.

Wingless Insects

Insects that lack wings at all stages of their life cycle, adapted for different modes of life than their winged counterparts.

Fish With Jaws

Refers to gnathostomes, which are vertebrates that possess true jaws, a significant evolutionary feature allowing them to exploit a wider variety of food sources.

Endosymbiosis

Type of symbiosis in which one organism lives inside another. See endosymbiont.