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:

Coordination

The ability to use different parts of the body smoothly and efficiently together or to organize activities harmoniously.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences.

Reticular Formation

A complex network of nerve pathways in the brainstem connecting the spinal cord, cerebrum, and cerebellum, and mediating overall level of consciousness.

Vital Reflexes

Involuntary responses to specific stimuli that are essential for maintaining homeostasis and survival, such as the blink or gag reflex.